Crypto Contest September 15: Moeda Loyalty Points
Moeda Loyalty Points (MDAUSD) 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, Moeda Loyalty Points began a wave one advance on August 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 4, and the red wave two (blue sub-waves a-b-c) correction ended September 12. If this wave count is correct, Moeda Loyalty Points should be heading next towards the September 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Moeda offers simple peer-to-peer payments and a peer-to-peer remittance network to help drive entrepreneurs toward their goals. You can view one use case of Moeda below.
(Sources: https://moedaseeds.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Moeda Loyalty Points will takeout the September 4 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Moeda Loyalty Points will drop below the August 14 low".
If you think Moeda Loyalty Points is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Moeda Loyalty Points will stay in a trading range between the August 14 low and the September 4 peak until October 20".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST September 18 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Moeda Loyalty Points will stay in a trading range between the August 14 low and the September 4 peak until October 20 (28 voters as of 3 PM EST September 18: bleujay, bentleycapital, gregory-f, novus-locus, glennolua, mellofello, simonjay, jznsamuel, revelationquotes, allyouneedtoknow, ace108, kunschj, mgood, toofasteddie, costanza, steem-d-anlovnit, marverick984, chotho, moeenali, punjolife, koskl, dine77, mitrado, mirda, rothberg, criptorafa, nzl19500, coolthings).
Moeda Loyalty Points will drop below the August 14 low (12 voters as of 3 PM EST September 18: sqlinsix, diana.feuerberg, positivebalances, vicspics, cryptotem, freiheit50, milano1113, reconnectnature, mike11, amity123, pario, galasek).
Moeda Loyalty Points will takeout the September 4 peak (7 voters as of 3 PM EST September 18: skepticology, steemit.nemesis, lydon.sipe, techlife, biomanu, janine-ariane, sporttr).
You won. Paid out from @maarnio1
Going up and passing the September 4 peak will be very hard, and the way down and a lot of potential support lines...
Trading range.
Nope.
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