Crypto Contest June 8: GUMMY

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GUMMY (Raydium: GUMMYUSD) has broken out of the triangle pattern in the four-hour chart.
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(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, GUMMY began a red wave one advance on April 20. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 22 and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, GUMMY should be heading next towards the April 22 peak in the red wave three.
image.png
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Gummy is a meme coin, a 420 weed gummy bear, ready to take the Solana ecosystem by storm. Dads Gone Crypto reviewed the project one month ago.

(Sources: https://gummyonsol.com/)

How Will GUMMY Trade?

GUMMY (Raydium: GUMMYUSD) four-hour chart by Tradingview.
image.png
(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

GUMMY will takeout the April 22 peak

GUMMY will drop below the April 20 low

GUMMY will stay in a trading range between the April 20 low and the April 22 peak until July 14

Posted Using InLeo Alpha

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47 comments
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GUMMY will drop below the April 20 low

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GUMMY will stay in a trading range between the April 20 low and the April 22 peak until July 14

Thank you @maarnio

Cheers!

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GUMMY will takeout the April 22 peak

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GUMMY will stay in a trading range between the April 20 low and the April 22 peak until July 14

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GUMMY will takeout the April 22 peak

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GUMMY will stay in a trading range between the April 20 low and the April 22 peak until July 14

!BEER
!BBH
!WINE

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GUMMY will takeout the April 22 peak

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GUMMY will stay in a trading range between the April 20 low and the April 22 peak until July 14

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GUMMY will stay in a trading range between the April 20 low and the April 22 peak until July 14 !BEER !BBH !WINE

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GUMMY will stay in a trading range between the April 20 low and the April 22 peak until July 14

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GUMMY will drop below the April 20 low

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