Bend DAO (CoinEx: BENDUSDT) has broken out of the triangle pattern in the daily chart.
https://i.postimg.cc/0N5dgmzj/nimet-n.png
(Chart courtesy of Tradingview.com(log scale))

**Elliott Wave Analysis**

In Elliott Wave terms, BEND began a red wave one advance on July 15. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 4 and the red wave two (blue sub-waves a-b-c) correction ended on August 22. If this wave count is correct, BEND should be heading next towards the August 4 peak in the red wave three.
https://i.postimg.cc/zX9c1dNB/nimet-n2.png
(Chart courtesy of Tradingview.com(log scale))

**Funnymentals**

Bend is a decentralized non-custodial NFT-backed borrowing and lending protocol where users can participate as depositors or borrowers. NFT Nate reviewed the project one week ago.
<iframe width="560" height="315" src="https://www.youtube.com/embed/Jq9wvY_LnVE" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

(Sources: https://www.benddao.xyz/)

**How Will Bend DAO Trade?**

Bend DAO (CoinEx: BENDUSDT) daily chart by Tradingview.
https://i.postimg.cc/bwvCfKD1/nimet-n3.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.

BEND will takeout the August 4 peak

BEND will drop below the July 15 low

BEND will stay in a trading range between the July 15 low and the August 4 peak until October 3



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@maarnio/crypto-contest-august-27-bend-dao)