WePower (WPRUSD) 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, WePower began a wave one advance on October 11. The red wave one finished on October 15, and the red wave two correction ended on October 25. The blue sub-wave wave one finished on October 31, and the blue sub-wave two correction ended on November 6. If this wave count is correct, WePower should be heading next towards the October 31 peak in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com (log scale))
Looking at the daily chart, I believe WePower is currently in the red wave three (blue sub-wave iii). The red wave three began on October 11.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
WePower is a blockchain-based green energy trading platform. You can view their latest AMA from November below.
(Sources: https://wepower.network/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "WePower will takeout the July peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "WePower will drop below the September low".
If you think WePower is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "WePower will stay in a trading range between the September low and the July peak until December 17".
(Chart courtesy of Tradingview.com (log scale))
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