Crypto Contest October 27: MCO
MCO (Bittrex: MCOUSD) 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, MCO began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June this year, and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, MCO should be heading next towards the June peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe MCO is currently in the red wave three. The red wave three began in December 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Crypto.com includes the Crypto.com App (to buy, exchange, send and track cryptocurrency) and the MCO Visa Card (to spend your cryptocurrency in the real world). Bitcoin for Beginners tested the card one month ago.
(Sources: https://crypto.com/en/index.html)How Will MCO Trade?
MCO (Bittrex: MCOUSD) daily 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.
- MCO will takeout the July 24 peak
- MCO will drop below the September 24 low
- MCO will stay in a trading range between the September 24 low and the July 24 peak until December 2
Answer the question at dpoll.xyz.