MonaCoin (MONAUSD) 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, MonaCoin began a wave one advance in January 2017. The red wave one finished in June 2017, and the red wave two correction ended on August 15, 2017. The red wave three advance finished on December 7, 2017, and the red wave four correction ended on March 30 this year. If this wave count is correct, MonaCoin should be heading next towards the December 7, 2017 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe MonaCoin is currently in the red wave three (blue sub-wave v). The red wave three began in January 2017.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, MonaCoin is most likely in the red wave three (blue sub-wave iii). The blue sub-wave three began in January 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
MonaCoin looks like the Japanese version of Dogecoin. Crypto Jedi published a video about MonaCoin earlier this year.
(Sources: https://monacoin.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "MonaCoin will takeout the December 7, 2017 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "MonaCoin will drop below the August 15, 2017 low".
If you think MonaCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "MonaCoin will stay in a trading range between the August 15, 2017 low and the December 7, 2017 peak until May 24".
You can upvote the comment until 3 PM EST April 21 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).
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