Crypto Contest November 11: MMAON

in #steemleo3 years ago

MMAON (Bittrex: MMAONUSDT) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, MMAON began a red wave one advance on September 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 1 and the red wave two (blue sub-waves a-b-c) correction ended on November 8. If this wave count is correct, MMAON should be heading next towards the November 1 peak in the red wave three.

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

Zooming out in the daily chart, I believe MMAON is currently in the red wave three (blue sub-wave iii). The red wave one began on August 1 and the red wave two correction ended on September 13.

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

Funnymentals

MMAON is creating the "biggest" and most "exciting" MMA fans network in the world. Bittrex Global explained the project last month.

(Sources: https://www.mmaon.com/)

How Will MMAON Trade?

MMAON (Bittrex: MMAONUSDT) 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 (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.

MMAON will takeout the November 1 peak

MMAON will drop below the September 13 low

MMAON will stay in a trading range between the September 13 low and the November 1 peak until December 19

Sort:  

MMAON will stay in a trading range between the September 13 low and the November 1 peak until December 19

MMAON will stay in a trading range between the September 13 low and the November 1 peak until December 19

MMAON will stay in a trading range between the September 13 low and the November 1 peak until December 19

MMAON will drop below the September 13 low

MMAON will stay in a trading range between the September 13 low and the November 1 peak until December 19

MMAON will stay in a trading range between the September 13 low and the November 1 peak until December 19

MMAON will stay in a trading range between the September 13 low and the November 1 peak until December 19

MMAON will takeout the November 1 peak

MMAON will takeout the November 1 peak

MMAON will stay in a trading range between the September 13 low and the November 1 peak until December 19

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