Crypto Contest January 25: Mochi

Mochi (SushiSwap: MOCHIUSD) 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, MOCHI began a red wave one advance on November 21, 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 15, 2023 and the red wave two (blue sub-waves a-b-c) correction ended on January 9 this year. If this wave count is correct, MOCHI should be heading next towards the December 15 peak in the red wave three.

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

Funnymentals

Mochi is named after Coinbase CEO Brian Armstrong's cat and receiver of a grant from Coinbase. Matthew Perry reviewed the project one month ago.

(Sources: mochithecatcoin.com)

How Will Mochi Trade?

Mochi (SushiSwap: MOCHIUSD) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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 and comment below

MOCHI will takeout the December 15 peak

MOCHI will drop below the November 21 low

MOCHI will stay in a trading range between the November 21 low and the December 15 peak until March 1

Posted Using InLeo Alpha