Crypto Contest October 23: MiL.K

MiL.k (KuCoin: MLKUSDT) 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, MLK began a red wave one advance on October 8. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 16 and the red wave two (blue sub-waves a-b-c) correction ended on October 20. If this wave count is correct, MLK should be heading next towards the October 16 peak in the red wave three.

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

Funnymentals

MiL.k platform connects various service companies in travel, leisure, and lifestyle sectors by enabling integration and trade of their reward points using Milk Coin (MLK) as the key currency. You can read their latest monthly report here.

(Sources: https://milkalliance.io/)

How Will MLK Trade?

MiL.k (KuCoin: MLKUSDT) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

MLK will takeout the October 16 peak

MLK will drop below the October 8 low

MLK will stay in a trading range between the October 8 low and the October 16 peak until November 29

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