Crypto Contest June 27: Maker
Maker (Bitfinex: MKRUSD) 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, Maker began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 2 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 26. If this wave count is correct, Maker should be heading next towards the April 2 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Maker is a Decentralized Autonomous Organization (DAO) that manages the Dai Credit System on the Ethereum blockchain. For more details check the video below.
How can I vote? Where is the contest?
You can vote by following this link.
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