Crypto Contest July 31: MediBloc

MediBloc (Bittrex: MEDXBTC) 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, MediBloc began a wave one advance on November 13, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 13, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on July 17 this year. If this wave count is correct, MediBloc should be heading next towards the November 2018 peak in the red wave three.

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

Funnymentals

MediBloc is a personal healthcare information ecosystem built on blockchain. Their mainnet was launched just two hours ago.

(Sources: MediBloc and Medium)

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You can vote by following this link.

About the author: TIMM Trader

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