Crypto Contest May 4: MaidSafeCoin

MaidSafeCoin (MAIDUSD) 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, MaidSafeCoin began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 2 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 30. If this wave count is correct, MaidSafeCoin should be heading next towards the January 2 peak in the red wave three.

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

Funnymentals

MaidSafeCoin is a proxy token that was released during MaidSafe's crowd sale and will be swapped for Safecoin on a 1:1 basis when Safecoin is released. The team uploaded a new introduction video on April 24.

(Sources: https://maidsafe.net/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "MaidSafeCoin will takeout the January 2 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "MaidSafeCoin will drop below the March 30 low".

If you think MaidSafeCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "MaidSafeCoin will stay in a trading range between the March 30 low and the January 2 peak until June 9".

You can upvote the comment until 3 PM EST May 7 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.