Crypto Contest October 22: Morpheus Labs

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·@maarnio·
0.000 HBD
Crypto Contest October 22: Morpheus Labs
#### Crypto Contest October 22: Morpheus Labs
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Morpheus Labs (HitBTC: MITXETH) has broken out of the triangle pattern in the daily chart.
[![nimet-n.png](https://i.postimg.cc/VksV3v2H/nimet-n.png)](https://postimg.cc/BXypFSSx)
(Chart courtesy of Tradingview.com (log scale))

**Elliott Wave Analysis**

In Elliott Wave terms, MITX began a wave one leading diagonal advance in September 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in August this year, and the red wave two (blue sub-waves a-b-c) correction ended earlier this month. If this wave count is correct, MITX should be heading next towards the August peak in the red wave three.
[![nimet-n2.png](https://i.postimg.cc/HkGQyh90/nimet-n2.png)](https://postimg.cc/JGqDwKgt)
(Chart courtesy of Tradingview.com (log scale))

**Funnymentals**

Morpheus Labs is a blockchain company providing enterprises with a full-service Blockchain-Platform-as-a-Service (BPaaS) solution for easy prototyping, deployment, and integration. You can watch their intro video below.
<iframe width="560" height="315" src="https://www.youtube.com/embed/r13r2hrJTdM" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
(Sources: https://morpheuslabs.io/)



**How Will Morpheus Labs Trade?**


Morpheus Labs (HitBTC: MITXETH) weekly chart by Tradingview.
[![nimet-n3.png](https://i.postimg.cc/prcJ4f42/nimet-n3.png)](https://postimg.cc/dZdCTyJX)
(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.
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 - MITX will takeout the August peak
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 - MITX will drop below the February low
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 - MITX will stay in a trading range between the February low and the August peak until November 27
***
*Answer the question at [dpoll.xyz](https://dpoll.xyz/detail/@maarnio/crypto-contest-october-22-morpheus-labs/).*
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