Crypto Contest November 28: Brother Music Platform

in #steemleo3 years ago

Brother Music Platform (Bittrex: BMPUSDT) 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, BMP began a red wave one advance on November 19. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 26 and the red wave two (blue sub-waves a-b-c) correction ended on November 28. If this wave count is correct, BMP should be heading next towards the November 26 peak in the red wave three.

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

Funnymentals

Music Brothers aims to showcase the best music performance and to develop a sustainable entertainment market by developing and training the talents of producers and singers. You can read their whitepaper here.

(Sources: https://bmpbrave.com/)

How Will Brother Music Platform Trade?

Brother Music Platform (Bittrex: BMPUSDT) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (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.

BMP will takeout the November 26 peak

BMP will drop below the November 19 low

BMP will stay in a trading range between the November 19 low and the November 26 peak until January 5

Sort:  

BMP will drop below the November 19 low

Correct.

BMP will drop below the November 19 low

BMP will stay in a trading range between the November 19 low and the November 26 peak until January 5

BMP will stay in a trading range between the November 19 low and the November 26 peak until January 5

BMP will stay in a trading range between the November 19 low and the November 26 peak until January 5

BMP will drop below the November 19 low

BMP will stay in a trading range between the November 19 low and the November 26 peak until January 5

BMP will takeout the November 26 peak

Coin Marketplace

STEEM 0.15
TRX 0.16
JST 0.028
BTC 67814.21
ETH 2401.94
USDT 1.00
SBD 2.34