Crypto Contest September 12: Matrix AI Network

Matrix AI Network (Huobi: MANBTC) 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, MAN began a wave one advance on August 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 24, and the red wave two (blue sub-waves a-b-c) correction ended on September 7. If this wave count is correct, MAN should be heading next towards the August 24 peak in the red wave three.

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

Funnymentals

Matrix AI Network is an open-source, distributed computing platform and operating system that melds artificial intelligence and blockchain. You can watch their intro video below.

(Sources: Matrix AI Network 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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