Crypto Contest September 16: Metal
Metal (MTLUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Metal began a wave one advance on July 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 7, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Metal should be heading next towards the September 7 peak in the red wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Metal will takeout the September 7 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Metal will drop below the July 9 low".
If you think Metal is in a range, upvote this post and upvote the comment "Metal will stay in a trading range between the July 9 low and the September 7 peak until October 17".
You can upvote the comment until 3 PM EST September 17 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).
Metal will takeout the September 7 peak (25 voters as of 3 PM EST September 17: bleujay, bentleycapital, fitinfun, damla, gregory-f, simonjay, lucasgabd, lydon.sipe, me-tarzan, kunschj, flemingfarm, catena, thatsweeneyguy, themovieplace, yefet, starline, eirik, migo25, anetchen, mirda, cassidyandfranks, pinagpala, digitalking, allmonitors, kitcat).
Metal will stay in a trading range between the July 9 low and the September 7 peak until October 17 (17 voters as of 3 PM EST September 17: freiheit50, twinner, soundmoney, anotherjoe, enki, jznsamuel, anu, komischername, coolthings, ahinga, abh12345, razorwave8, carlosdaniel, mprgrmmr, andy23, barcalogia, me-do).
You won.
Metal will drop below the July 9 low (8 voters as of 3 PM EST September 17: ace108, yinyangboobookat, skririm, tzap90, gunsmithing, napkin, ragnaros, mrslauren).
I have this coin in a list of experts recommendations from a few months ago... someone claim it could be as big as the Dash... the chart looks very promising ;)
Yes. The chart looks bullish. Very shallow retracements. Thanks for resteeming.
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