Crypto Contest July 8: CHEWY

CHEWY (Raydium: CHWYUSD) 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, CHWY began a red wave one advance on June 27. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 29 and the red wave two (blue sub-waves a-b-c) correction ended on July 7. If this wave count is correct, CHWY should be heading next towards the June 29 peak in the red wave three.

(Chart courtesy of Tradingview.com(log scale))

Funnymentals

CHEWY is a vibrant, community-driven cryptocurrency that blends the playful spirit of memes with the innovative power of blockchain technology. STOCK INVESTOR reviewed the project one week ago.

(Sources: https://chewy2024.xyz/)

How Will CHEWY Trade?

CHEWY (Raydium: CHWYUSD) four-hour chart by Tradingview.

(Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers (posts only).

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

CHWY will takeout the June 29 peak

CHWY will drop below the June 27 low

CHWY will stay in a trading range between the June 27 low and the June 29 peak until August 13

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