MobileGo (Bitfinex: MGOUSD) 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, MGO began a red wave one advance on April 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 24 and the red wave two (blue sub-waves a-b-c) correction ended on November 17. If this wave count is correct, MGO should be heading next towards the September 24 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
MobileGo is the "bitcoin" of the gaming industry. You can watch their intro video below.
(Sources: https://www.mobilego.io/)How Will MobileGo Trade?
MobileGo (Bitfinex: MGOUSD) 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.
MGO will takeout the August 22 peak
MGO will drop below the April 14 low
MGO will stay in a trading range between the April 14 low and the August 22 peak until January 23, 2021
