Sponge (Poloniex: SPONGEUSDT) 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, SPONGE began a red wave one advance on May 8. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 9 and the red wave two (blue sub-waves a-b-c) correction ended on June 15. If this wave count is correct, SPONGE should be heading next towards the May 9 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Sponge is a zero-tax memecoin derived from, but not affiliated to, the beloved cartoon character SpongeBob SquarePants. You can find their tokenomics below.
(Sources: https://sponge.vip/)
How Will Sponge Trade?
Sponge (Poloniex: SPONGEUSDT) daily 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
SPONGE will takeout the May 9 peak
SPONGE will drop below the May 8 low
SPONGE will stay in a trading range between the May 8 low and the May 9 peak until July 23
SPONGE will stay in a trading range between the May 8 low and the May 9 peak until July 23
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SPONGE will takeout the May 9 peak
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
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Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SPONGE will stay in a trading range between the May 8 low and the May 9 peak until July 23
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SPONGE will drop below the May 8 low
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Correct. Upvoted your post:
https://steemit.com/krsuccess/@yas548/cherry
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SPONGE will stay in a trading range between the May 8 low and the May 9 peak until July 23
!shop
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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!shop
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SPONGE will stay in a trading range between the May 8 low and the May 9 peak until July 23
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SPONGE will stay in a trading range between the May 8 low and the May 9 peak until July 23
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SPONGE will stay in a trading range between the May 8 low and the May 9 peak until July 23
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SPONGE will drop below the May 8 low
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Correct. Upvoted your post:
https://steemit.com/dailyrandomphotography/@bgteam/dailyrandomphotography-entry-205
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SPONGE will takeout the May 9 peak
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SPONGE will stay in a trading range between the May 8 low and the May 9 peak until July 23
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit