Crypto Contest May 16: MileVerse
MileVerse (Bithumb: MVCKRW) 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, MVC began a red wave one advance on May 6. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 9 and the red wave two (blue sub-waves a-b-c) correction ended on May 15. If this wave count is correct, MVC should be heading next towards the May 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the line chart, I believe MVC is currently in the red wave five. The red wave one began in November 2020 and the red wave four correction ended on May 6 this year.
(Chart courtesy of CoinMarketCap.com (log scale))
Funnymentals
MileVerse is a mileage exchange/integration payment platform that applies Blockchain technology to build an integrated mileage ecosystem that benefits everyone from corporations and customers to affiliated stores. You can read their whitepaper here.
(Sources: https://mileverse.com/en/)
How Will MileVerse Trade?
MileVerse (Bithumb: MVCKRW) 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.
MVC will takeout the May 9 peak
MVC will drop below the May 6 low
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
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MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
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!LUV
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!WINE
!LUV
!PIZZA
!BEER
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View or trade
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View or trade
BEER
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.MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will drop below the May 6 low
$rewarding
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The reward of this comment goes 100 % to the author gregory-f. This is done by setting the beneficiaries of this comment to 100 %.
MVC se llevará el pico del 9 de mayo
MVC will drop below the May 6 low
$rewarding
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The reward of this comment goes 100 % to the author bitandi. This is done by setting the beneficiaries of this comment to 100 %.
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
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MVC will drop below the May 6 low
$rewarding
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The reward of this comment goes 100 % to the author lydon.sipe. This is done by setting the beneficiaries of this comment to 100 %.
MVC will drop below the May 6 low
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$rewarding
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The reward of this comment goes 100 % to the author yefet. This is done by setting the beneficiaries of this comment to 100 %.
MVC will drop below the May 6 low
$rewarding
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The reward of this comment goes 100 % to the author nezyar. This is done by setting the beneficiaries of this comment to 100 %.
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will drop below the May 6 low
$rewarding
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The reward of this comment goes 100 % to the author oneacc. This is done by setting the beneficiaries of this comment to 100 %.
MVC will takeout the May 9 peak
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will drop below the May 6 low
$rewarding
Posted Using LeoFinance Beta
The reward of this comment goes 100 % to the author tanqu. This is done by setting the beneficiaries of this comment to 100 %.
MVC will takeout the May 9 peak
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will takeout the May 9 peak
MVC will drop below the May 6 low
$rewarding
Posted Using LeoFinance Beta
The reward of this comment goes 100 % to the author aminator. This is done by setting the beneficiaries of this comment to 100 %.
MVC will drop below the May 6 low
$rewarding
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The reward of this comment goes 100 % to the author monsterbuster. This is done by setting the beneficiaries of this comment to 100 %.
MVC will drop below the May 6 low
$rewarding
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The reward of this comment goes 100 % to the author joseph230. This is done by setting the beneficiaries of this comment to 100 %.
Thank you!
You are welcome.
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MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will drop below the May 6 low
$rewarding
Posted Using LeoFinance Beta
The reward of this comment goes 100 % to the author wpage. This is done by setting the beneficiaries of this comment to 100 %.
MVC will takeout the May 9 peak
MVC will drop below the May 6 low
$rewarding
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The reward of this comment goes 100 % to the author mlkk. This is done by setting the beneficiaries of this comment to 100 %.
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will takeout the May 9 peak
MVC will takeout the May 9 peak
MVC will drop below the May 6 low
$rewarding
Posted Using LeoFinance Beta
The reward of this comment goes 100 % to the author howyou. This is done by setting the beneficiaries of this comment to 100 %.
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will drop below the May 6 low
$rewarding
Posted Using LeoFinance Beta
The reward of this comment goes 100 % to the author limit1984. This is done by setting the beneficiaries of this comment to 100 %.
MVC will takeout the May 9 peak
MVC will takeout the May 9 peak
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will drop below the May 6 low
$rewarding
Posted Using LeoFinance Beta
The reward of this comment goes 100 % to the author mhsm. This is done by setting the beneficiaries of this comment to 100 %.
MVC will takeout the May 9 peak
MVC will takeout the May 9 peak
MVC will drop below the May 6 low
$rewarding
Posted Using LeoFinance Beta
The reward of this comment goes 100 % to the author asetat. This is done by setting the beneficiaries of this comment to 100 %.
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will stay in a trading range between the May 6 low and the May 9 peak until June 22
MVC will drop below the May 6 low
Posted Using LeoFinance Beta
$rewarding
Posted Using LeoFinance Beta
The reward of this comment goes 100 % to the author novelcoronavirus. This is done by setting the beneficiaries of this comment to 100 %.