Crypto Contest September 14: Melon

in blockchain •  4 years ago 

Melon (Kraken: MLNUSD) 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, MLN began a red wave one advance on March 13. The red wave one finished on May 3, and the red wave two correction ended on May 11. The blue sub-wave three advance finished on August 31, and the blue sub-wave four correction ended on September 5. If this wave count is correct, MLN should be heading next towards the August 31 peak in the blue sub-wave five.

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

Funnymentals

Melon is a protocol for decentralized on-chain wealth management. BlockchainBrad interviewed the founder two months ago.

(Sources: https://melonprotocol.com/)

How Will Melon Trade?

Melon (Kraken: MLNUSD) 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.

MLN will takeout the August 31 peak

MLN will drop below the August 12 low

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

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MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@calg/qihkv4

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@futurra/qic05g

MLN will takeout the August 31 peak

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will takeout the August 31 peak

MLN will takeout the August 31 peak

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@cooleye/qic05j

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@nzl19500/qi8942

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@nazonyan/qihj63

MLN will takeout the August 31 peak

MLN will drop below the August 12 low

MLN will takeout the August 31 peak

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@gretna/qi89bp

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

  ·  4 years ago 

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MLN will drop below the August 12 low

$rewarding 70

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will drop below the August 12 low

MLN will takeout the August 31 peak

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

!shop
$trdo

MLN will takeout the August 31 peak

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@gbk78/qihkne

MLN will takeout the August 31 peak

MLN will takeout the August 31 peak

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

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Here are the tips to the winners plus a bonus tip for the contest holder 👍
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MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will drop below the August 12 low

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@belsander/qic05l

MLN will takeout the August 31 peak

MLN will takeout the August 31 peak

MLN will takeout the August 31 peak

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@tarkow/qic0b7

MLN will takeout the August 31 peak

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will drop below the August 12 low

$rewarding 70

MLN will stay in a trading range between the August 12 low and the August 31 peak until October 20

MLN will drop below the August 12 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@bigdonald/qi8az6