Crypto Contest June 16: Misbloc

Misbloc (Bithumb: MSBKRW) 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, MSB began a red wave one advance on June 8. The red wave one peaked on June 10 and the red wave two correction ended on June 10. The red wave three advance finished on June 13 and the red wave four correction ended on June 14. If this wave count is correct, MSB should be heading next towards the June 13 peak in the red wave five.

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

Zooming out in the line chart, I believe MSB is currently in the red wave three. The red wave one began in November 2020 and the red wave two correction ended on June 8 this year.

(Chart courtesy of CoinMarketCap.com)

Funnymentals

Misbloc is a medical information service with blockchain. Crypto Top Things To Know reviewed the project two months ago.

(Sources: https://misblock.io/)

How Will Misbloc Trade?

Misbloc (Bithumb: MSBKRW) four-hour 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.

MSB will takeout the June 13 peak

MSB will drop below the June 8 low

MSB will stay in a trading range between the June 8 low and the June 13 peak until July 23