Crypto Contest June 12: Matryx
Matryx (Huobi: MTXBTC) 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, Matryx began a wave one advance on February 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 9, and the red wave two (blue sub-waves a-b-c) correction ended on June 4. If this wave count is correct, Matryx should be heading next towards the April 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Matryx is composed of a collaboration system to track innovation and a bounty system to award solutions to scientific problems. Dr. Benjamin Bratton tells some more details below.
How can I vote? Where is the contest?
You can vote by following this link.
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