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))
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