Crypto Contest March 15: Machine Xchange Coin

in hive-167922 •  5 years ago 

Machine Xchange Coin (Huobi: MXCBTC) 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, MXC began a wave one advance on January 15. The red wave one finished on January 19, and the red wave two correction ended on January 29. The red wave three advance finished on March 6, and the red wave four correction ended on March 13. If this wave count is correct, MXC should be heading next towards the March 6 peak in the red wave five.

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

Zooming out in the weekly chart, I believe MXC is currently in the red wave three. The red wave three began on January 15.

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

Funnymentals

MXC is building a global data network to allow wireless devices to connect and communicate more efficiently and over longer distances than currently used WiFi and Bluetooth methods. You can watch their latest AMA below.

(Sources: https://www.mxc.org/)

How Will Machine Xchange Coin Trade?

Machine Xchange Coin (Huobi: MXCBTC) 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.

MXC will takeout the March 6 peak

MXC will drop below the January 15 low

MXC will stay in a trading range between the January 15 low and the March 6 peak until April 18

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5 years ago by

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      ·  5 years ago 

    MXC will takeout the March 6 peak

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    1 vote
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      ·  5 years ago 

    MXC will takeout the March 6 peak

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    [-]
      ·  5 years ago 

    MXC will takeout the March 6 peak

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      2 votes
      [-]
        ·  5 years ago (edited)

      .

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        3 votes
        [-]
          ·  5 years ago 

        MXC will drop below the January 15 low

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          1 vote
          [-]
            ·  5 years ago 

          MXC will takeout the March 6 peak

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            [-]
              ·  5 years ago 

            MXC will stay in a trading range between the January 15 low and the March 6 peak until April 18

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                ·  5 years ago 

              !BEER

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                  ·  5 years ago 

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                    ·  5 years ago 

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                      ·  5 years ago 

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                        ·  5 years ago 

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                          ·  5 years ago 

                        !BEER

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                              ·  5 years ago 

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                                ·  5 years ago 

                              MXC will takeout the March 6 peak

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                                  ·  5 years ago 

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                                    ·  5 years ago 

                                  View or trade BEER.


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                                      ·  5 years ago 

                                    MXC will takeout the March 6 peak

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                                      [-]
                                        ·  5 years ago 
                                      • MXC will stay in a trading range between the January 15 low and the March 6 peak until April 18

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                                          ·  5 years ago 

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                                          [-]
                                            ·  5 years ago 

                                          MXC will takeout the March 6 peak

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                                              ·  5 years ago 

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                                              [-]
                                                ·  5 years ago 

                                              MXC will drop below the January 15 low

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                                                [-]
                                                  ·  5 years ago 

                                                MXC will takeout the March 6 peak

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                                                  1 vote
                                                  [-]
                                                    ·  5 years ago 

                                                  MXC will drop below the January 15 low

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                                                    1 vote