Media Network (Coinbase: MEDIAUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, MEDIA began a red wave one advance on November 10. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 13 and the red wave two (blue sub-waves a-b-c) correction ended on November 16. If this wave count is correct, MEDIA should be heading next towards the November 13 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Media Network is a new protocol that bypasses traditional CDN providers’ centralized approach for a self-governed and open source solution where everyone can participate. You can find their token allocation here.
(Sources: https://www.media.network/)
How Will Media Network Trade?
Media Network (Coinbase: MEDIAUSD) four-hour 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.
MEDIA will takeout the November 13 peak
MEDIA will drop below the November 10 low
MEDIA will stay in a trading range between the November 10 low and the November 13 peak until December 28