Crypto Contest October 1: Modum

Modum (MODBTC) 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, Modum began a wave one advance on August 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 28, and the red wave two (blue sub-waves a-b-c) correction ended on September 22. If this wave count is correct, Modum should be heading next towards the August 28 peak in the red wave three.

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

Funnymentals

Modum is a data integrity platform for supply chain operations, powered by blockchain technology. Blue Alpine Research published a quick token analysis on September 3.

(Sources: https://modum.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Modum will takeout the August 28 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Modum will drop below the August 3 low".

If you think Modum is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Modum will stay in a trading range between the August 3 low and the August 28 peak until November 5".

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

You can upvote the comment until 3 PM EST October 3 and you can upvote only one comment. 50% of liquid STEEM + 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 1

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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.