Crypto Contest August 5: MetaHash

MetaHash (CEX.IO: MHCUSD) 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, Metahash began a wave one advance on July 17. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 21, and the red wave two (blue sub-waves a-b-c) correction ended on August 4. If this wave count is correct, Metahash should be heading next towards the July 21 peak in the red wave three.

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

Funnymentals

MetaHash is a next-generation network based on the Blockchain 4.0 technology for sharing digital assets and a platform for creating and managing decentralized apps and services in real-time. You can watch their latest presentation below.

(Sources: #MetaHash and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: Markus Aarnio
I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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