Musicoin (MUSICUSD) has broken out of the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Musicoin began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 10 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 29. If this wave count is correct, Musicoin should be heading next towards the January 10 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Musicoin is a digital currency designed for musicians to be paid directly and instantly, without intermediaries. Musicoin TV published their roadmap in youtube on July 7.
(Sources: https://musicoin.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Musicoin will takeout the April 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Musicoin will drop below the May 2017 low".
If you think Musicoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Musicoin will stay in a trading range between the May 2017 low and the April 2018 peak until September 8".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST August 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.