Crypto Contest October 22: Morpheus Labs

Crypto Contest October 22: Morpheus Labs

Morpheus Labs (HitBTC: MITXETH) 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, MITX began a wave one leading diagonal advance in September 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in August this year, and the red wave two (blue sub-waves a-b-c) correction ended earlier this month. If this wave count is correct, MITX should be heading next towards the August peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Morpheus Labs is a blockchain company providing enterprises with a full-service Blockchain-Platform-as-a-Service (BPaaS) solution for easy prototyping, deployment, and integration. You can watch their intro video below.

How Will Morpheus Labs Trade?

Morpheus Labs (HitBTC: MITXETH) weekly chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

• MITX will takeout the August peak

• MITX will drop below the February low

• MITX will stay in a trading range between the February low and the August peak until November 27

Answer the question at dpoll.xyz.