Wings DAO (WINGSUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Wings DAO began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on November 12. If this wave count is correct, Wings DAO should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com)
One can see the sub-waves even better in the line chart.
(Chart courtesy of Tradingview.com)
Zooming out in the daily chart, I believe Wings DAO is currently in the red wave three (blue sub-wave iii). The red wave two ended on July 16.
(Chart courtesy of Tradingview.com)
Funnymentals
Wings DAO has been explained by the Swiss Foundation as:
Decentralized applications for Blockchain-based evaluation, funding and early adopter engagement.
(Source: https://wingsfoundation.ch/)
If you think this analysis is correct, upvote this post and upvote the comment "Wings DAO will takeout the September 1 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Wings DAO will drop below the July 16 low".
If you think Wings DAO is in a range, upvote this post and upvote the comment "Wings DAO will stay in a trading range between the July 16 low and the September 1 peak until December 20".
You can upvote the comment until 3 PM EST November 20 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).