88mph (Poloniex: MPHUSDT) 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, MPH began a red wave one advance on November 27, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 19 this year and the red wave two (blue sub-waves a-b-c) correction ended on April 25. If this wave count is correct, MPH should be heading next towards the January 19 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
With 88mph you can lend your crypto assets at a fixed-interest rate. Earn MPH rewards and 100% of the protocol revenues. EllioTrades Crypto covered the project earlier this year.
(Sources: https://88mph.app/)How Will 88mph Trade?
88mph (Poloniex: MPHUSDT) 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.
MPH will takeout the January 19, 2021 peak
MPH will drop below the November 27, 2020 low
MPH will stay in a trading range between the November 27, 2020 low and the January 19, 2021 peak until June 15