Wings DAO (WINGSUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Wings DAO began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Wings DAO should be heading next towards the January 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, Wings DAO is most likely in the red wave three (blue sub-wave iii). The red wave three began on November 12, 2017.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Wings DAO is currently in the red wave three (blue sub-wave iii). The blue sub-wave three began on November 12, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Wings DAO is an Ethereum based platform for the easy creation and funding of Decentralized Autonomous Organizations (DAO). Here is the official introduction video.
(Sources: https://www.wings.ai and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wings DAO will takeout the January 7 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wings DAO will drop below the November 12, 2017 low".
If you think Wings DAO is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wings DAO will stay in a trading range between the November 12, 2017 low and the January 7 peak until March 28".
You can upvote the comment until 3 PM EST February 28 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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