MAP Protocol (KuCoin: MAPUSDT) 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, MAP began a red wave one advance on October 8, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 17, 2020 and the red wave two (blue sub-waves a-b-c) correction ended on November 17, 2020. If this wave count is correct, MAP should be heading next towards the October 17, 2020 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
MAP Protocol is an open, fully decentralized, chain-to-chain interoperation protocol that enables the interoperability of multiple independently verifiable consensus blockchains without a relay chain. You can read their latest weekly report here.
(Sources: https://www.maplabs.io/)
How Will MAP Protocol Trade?
MAP Protocol (KuCoin: MAPUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers.
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.
MAP will takeout the October 17, 2020 peak
MAP will drop below the October 8, 2020 low
MAP will stay in a trading range between the October 8, 2020 low and the October 17, 2020 peak until March 5
MAP will stay in a trading range between the October 8, 2020 low and the October 17, 2020 peak until March 5
MAP will stay in a trading range between the October 8, 2020 low and the October 17, 2020 peak until March 5