MobileGo (HitBTC: MGOBTC) 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, MobileGo began a wave one advance on September 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 25, and the red wave two (blue sub-waves a-b-c) correction ended on November 15. If this wave count is correct, MobileGo should be heading next towards the October 25 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
MobileGo is a dedicated token to bring eSports to everyone. Donnyboy8 covered the token three weeks ago.
(Sources: https://www.mobilego.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "MobileGo will takeout the October 25 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "MobileGo will drop below the September 4 low".
If you think MobileGo is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "MobileGo will stay in a trading range between the September 4 low and the October 25 peak until December 22".
(Chart courtesy of Tradingview.com (log scale))
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