Crypto Contest October 10: Meter Governance

Meter Governance (KuCoin: MTRGUSDT) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, MTRG began a red wave one advance in June 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in October 2022 and the red wave two (blue sub-waves a-b-c) correction ended in September this year. If this wave count is correct, MTRG should be heading next towards the October 2022 peak in the red wave three.

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

Funnymentals

Meter is an EVM-based PoS/PoW blockchain eliminating frontrunning, with a censorship resistant stablecoin pegged to 10kWh. You can find their latest monthly newsletter here.

(Sources: https://meter.io/)

How Will Meter Governance Trade?

Meter Governance (KuCoin: MTRGUSDT) daily 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

MTRG will takeout the August 14 peak

MTRG will drop below the September 16 low

MTRG will stay in a trading range between the September 16 low and the August 14 peak until November 16