Crypto Contest July 11: MultiVAC

MultiVAC (KuCoin: MTVETH) 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, MTV began a red wave one advance on May 1. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 12, and the red wave two (blue sub-waves a-b-c) correction ended on July 7. If this wave count is correct, MTV should be heading next towards the June 12 peak in the red wave three.

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

Funnymentals

MultiVAC describes itself as a 'next-generation public blockchain that aims to achieve high-throughput, Dapp flexibility, and infinite scalability'. You can read their latest bi-weekly report here.

(Sources: https://www.mtv.ac/)

How Will MultiVAC Trade?

MultiVAC (KuCoin: MTVETH) 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.

MTV will takeout the June 12 peak

MTV will drop below the May 1 low

MTV will stay in a trading range between the May 1 low and the June 12 peak until August 16