Crypto Contest November 26: Metaverse ETP

Metaverse (ETPUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com)

Elliott Wave Analysis

In Elliott Wave terms, ETP began a wave one advance on September 28. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 19, and the red wave two (blue sub-waves a-b-c) correction ended on November 12. If this wave count is correct, ETP should be heading next towards the October 19 peak in the red wave three.

(Chart courtesy of Tradingview.com)

One can see the waves even better in the line chart.

(Chart courtesy of Tradingview.com)

Funnymentals

Metaverse is based in China. Here is a video interview of Metaverse CEO Eric Gu.

(Source: http://boxmining.com)

If you think this analysis is correct, upvote this post and upvote the comment "ETP will takeout the October 19 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "ETP will drop below the September 28 low".

If you think ETP is in a range, upvote this post and upvote the comment "ETP will stay in a trading range between the September 28 low and the October 19 peak until December 27".

You can upvote the comment until 3 PM EST November 27 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).