Crypto Contest March 28: Monetha

Monetha (MTHUSD) 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, Monetha began a wave one advance on November 30, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 11 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, Monetha should be heading next towards the January 11 peak in the red wave three.

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

Funnymentals

Monetha is creating a​ ​universal,​ transferable, ​immutable trust​ ​and​ reputation​ ​system combined​ ​with a payment​ ​solution. You can view the official introduction video below.

(Sources: https://www.monetha.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Monetha will takeout the January 11 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Monetha will drop below the November 30, 2017 low".

If you think Monetha is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Monetha will stay in a trading range between the November 30, 2017 low and the January 11 peak until May 3".

You can upvote the comment until 3 PM EST March 31 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.