Crypto Contest October 11: My Ceremonial Event
My Ceremonial Event (Bittrex: MYCEUSD) 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, MYCE began a red wave one advance on October 5. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 6 and the red wave two (blue sub-waves a-b-c) correction ended on October 10. If this wave count is correct, MYCE should be heading next towards the October 6 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
MYCE stands for MY Ceremonial Event, meaning that it is a coin that "satisfactorily commemorates personal life by using it as a payment method for small parties to large events." You can find their whitepaper here.
(Sources: https://myce.io/)
How Will My Ceremonial Event Trade?
My Ceremonial Event (Bittrex: MYCEUSD) four-hour 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.
MYCE will takeout the October 6 peak
MYCE will drop below the October 5 low
MYCE will stay in a trading range between the October 5 low and the October 6 peak until November 18
MYCE will stay in a trading range between the October 5 low and the October 6 peak until November 18
MYCE will takeout the October 6 peak
MYCE will stay in a trading range between the October 5 low and the October 6 peak until November 18
MYCE will drop below the October 5 low
Correct. Upvoted your comment:
https://steemit.com/steemleo/@sos1789/r19wmm
MYCE will takeout the October 6 peak
MYCE will stay in a trading range between the October 5 low and the October 6 peak until November 18
MYCE will stay in a trading range between the October 5 low and the October 6 peak until November 18
MYCE will drop below the October 5 low
Correct. Upvoted your comment:
https://steemit.com/steemleo/@carton/r18abz
MYCE will drop below the October 5 low
Correct. Upvoted your comment:
https://steemit.com/steemleo/@colon2018/r18ac4
MYCE will stay in a trading range between the October 5 low and the October 6 peak until November 18