Crypto Contest April 29: FunFair
FunFair (FUNUSD) 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, FunFair began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, FunFair should be heading next towards the January 5 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
FunFair is the casino token. Altcoin Daily published a video four days ago about the coin and the latest developments.
(Sources: https://funfair.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "FunFair will takeout the January 5 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "FunFair will drop below the April 1 low".
If you think FunFair is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "FunFair will stay in a trading range between the April 1 low and the January 5 peak until June 4".
You can upvote the comment until 3 PM EST May 2 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.
FunFair will stay in a trading range between the April 1 low and the January 5 peak until June 4 (43 voters as of 3 PM EST May 2: helikopterben, yefet, gregory-f, revelationquotes, soundmoney, glennolua, simonjay, positivebalances, misalen, allyouneedtoknow, mgood, flemingfarm, rothberg, cryptotem, steem-d-anlovnit, komischername, lucasgabd, toofasteddie, starline, reconnectnature, themovieplace, diogosantos, koskl, catchup, mirda, portillo, galasek, richard78624, karadere, coolthings, harryp3, ragnaros, neo-wiza, andy23, ahinga, criptorafa, easymoney202, steemek, askeb, cmoljoe, heidelbaer, sandeei, cata22).
FunFair will takeout the January 5 peak (25 voters as of 3 PM EST May 2: bleujay, steemquestions, lydon.sipe, freiheit50, bentleycapital, sanjay91422, crokkon, bxlphabet, ace108, fitinfun, dirty.hera, me-do, jznsamuel, mister.green, mihail.tsvetkov, libert, carlosdaniel, giddyupngo, poti, kunschj, tzap90, nordina, margaritaradkova, cosminblaga, stalexmkl).
FunFair will drop below the April 1 low (6 voters as of 3 PM EST May 2: sqlinsix, skepticology, steemit.nemesis, barbadosso, photo-moment, elisablogs).
Thank you for sharing. Although the claim that they are having only 10% operating costs compared to other platforms is quite questionable. There is no public info about that and many platforms are just being released. I am more into DecentBet, as it is still a quite low cap with a team who has great experience and high standards in everything they do.
Once again, thank you for sharing this nice overview. I was just about to dive more into Funfair to do some research :)
FunFair is very unique and interesting project and also have a good team behinde. I personaly belive FunFair will become one of the players in this space we will see :) thank you for sharing your opinion.
Of course, I am not saying they are not. There will be many players :)
100% trading range. :)