Crypto Contest July 27: MonetaryUnit

MonetaryUnit (MUEUSD) 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, MonetaryUnit began a wave one advance in August 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 26, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on July 10 this year. If this wave count is correct, MonetaryUnit should be heading next towards the December 26, 2017 peak in the red wave three.

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

Funnymentals

MonetaryUnit is a decentralized, self-sustaining and self-governed cryptocurrency project with masternodes. MonetaryUnit just acquire Flubit.com on July 11 to launch a cryptocurrency integrated shopping marketplace.

(Sources: http://www.monetaryunit.org/ and Blog)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "MonetaryUnit will takeout the May 3 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "MonetaryUnit will drop below the July 10 low".

If you think MonetaryUnit is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "MonetaryUnit will stay in a trading range between the July 10 low and the May 3 peak until August 31".

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

You can upvote the comment until 3 PM EST July 30 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.