Cryptocurrencies

Crypto Contest February 15: Crypto.Com

Crypto.com (Bittrex: MCOBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Crypto.com began a wave one advance in July 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in August 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Crypto.com should be heading next towards the August 2017 peak in the red wave three.

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

Funnymentals

Crypto.com, formerly known as Monaco, intends to offer payment card products that allow consumers to borrow and spend cryptocurrency through the VISA payment network. You can view their latest Q&A below.

(Sources: Crypto.com and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Crypto.com will takeout the July 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Crypto.com will drop below the November 2018 low”.

If you think Crypto.com is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Crypto.com will stay in a trading range between the November 2018 low and the July 2018 peak until March 22”.

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

You can upvote the comment until 3 PM EST February 18 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus 1

I will be sending one Trophy Token (@trophy-token) or one Steem Monsters (@steemmonsters) card to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.

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