Crypto Contest December 26: Morpheus.Network
Crypto Contest December 26: Morpheus.Network
Morpheus.Network (Bittrex: MRPHUSD) 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, MRPH began a wave one advance on November 25. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 4, and the red wave two (blue sub-waves a-b-c) correction ended on December 18. If this wave count is correct, MRPH should be heading next towards the December 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe MRPH is currently in the red wave three (blue sub-wave iii). The red wave three began on November 25.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Morpheus.Network is a full-service, global, automated, supply chain platform with an integrated cryptocurrency payment system utilizing blockchain technology. You can watch their December AMA below.
(Sources: https://morpheus.network/)How Will Morpheus.Network Trade?
Morpheus.Network (Bittrex: MRPHUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
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.
- MRPH will takeout the December 4 peak
- MRPH will drop below the November 25 low
- MRPH will stay in a trading range between the November 25 low and the December 4 peak until January 31
Answer the question at dpoll.xyz.
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