Posts

Crypto Contest July 19: Solrise Finance

avatar of @maarnio
25
Markus Aarnio
@maarnio
·
·
0 views
·
1 min read

Solrise Finance (FTX: SLRSUSD) has broken out of the triangle pattern in the four-hour chart. (Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, SLRS began a red wave one advance on July 9. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 14 and the red wave two (blue sub-waves a-b-c) correction ended on July 16. If this wave count is correct, SLRS should be heading next towards the July 14 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Solrise Finance is a decentralized, trustless, and non-custodial asset management platform built on Solana. You can watch their demo below.

(Sources: https://solrise.finance/)

How Will Solrise Finance Trade?

Solrise Finance (FTX: SLRSUSD) four-hour chart by Tradingview. (Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

SLRS will takeout the July 14 peak

SLRS will drop below the July 9 low

SLRS will stay in a trading range between the July 9 low and the July 14 peak until August 25

Posted Using LeoFinance Beta