Crypto Contest April 22: Maple

M
maarnio

Maple (Coinbase: MPLUSD) 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, MPL began a red wave one advance on January 1. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 7 and the red wave two (blue sub-waves a-b-c) correction ended on March 11. If this wave count is correct, MPL should be heading next towards the February 7 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Maple is an onchain debt-capital market. Decentralised News reviewed the project one month ago.

(Sources: https://www.maple.finance/)

How Will Maple Trade?

Maple (Coinbase: MPLUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers (posts only).

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

MPL will takeout the February 7 peak

MPL will drop below the January 1 low

MPL will stay in a trading range between the January 1 low and the February 7 peak until May 28

Comments