Posts

Crypto Contest July 20: MovieBloc

avatar of @maarnio
25
Markus Aarnio
@maarnio
·
·
0 views
·
1 min read

MovieBloc (Binance: MBLUSDT) 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, MBL began a red wave one advance on January 4. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 2 and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, MBL should be heading next towards the April 2 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

MovieBloc is a decentralized movie and content distribution platform. You can read their latest monthly newsletter here. (Sources: https://www.moviebloc.com/)

How Will MovieBloc Trade?

MovieBloc (Binance: MBLUSDT) 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 and comment below.

MBL will takeout the April 2 peak

MBL will drop below the January 4 low

MBL will stay in a trading range between the January 4 low and the April 2 peak until August 26

Posted Using LeoFinance Beta