Crypto Contest February 15: Crypto.Com

Crypto.com (Bittrex: MCOBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Crypto.com began a wave one advance in July 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in August 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Crypto.com should be heading next towards the August 2017 peak in the red wave three.

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

Funnymentals

Crypto.com, formerly known as Monaco, intends to offer payment card products that allow consumers to borrow and spend cryptocurrency

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.