Bread (BRDUSD) 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, Bread began a wave one advance on March 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 4, and the red wave two (blue sub-waves a-b-c) correction ended on May 28. If this wave count is correct, Bread should be heading next towards the May 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Bread is a simple and secure onramp to bitcoin, ethereum, and other digital currencies. BlockWolf published a PowerPoint presentation about the project on May 17.
(Sources: https://brd.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bread will takeout the May 4 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bread will drop below the March 18 low".
If you think Bread is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bread will stay in a trading range between the March 18 low and the May 4 peak until July 15".
You can upvote the comment until 3 PM EST June 12 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.
Bread will stay in a trading range between the March 18 low and the May 4 peak until July 15 (41 voters as of 3 PM EST June 12: bleujay, gregory-f, bentleycapital, glennolua, soundmoney, simonjay, allyouneedtoknow, abh12345, komischername, jznsamuel, mgood, misalen, scootbuttons, revelationquotes, cryptotem, kunschj, lucasgabd, themovieplace, costanza, steem-d-anlovnit, toofasteddie, starline, rothberg, diogosantos, nicolaepavelean, koskl, mirda, portillo, richard78624, galasek, coolthings, karadere, photoquote, nordina, amity123, mike11, stalexmkl, ragnaros, andy23, mitrado, mihail.tsvetkov).
Bread will drop below the March 18 low (7 voters as of 3 PM EST June 12: sqlinsix, steemit.nemesis, vicspics, liberton, milano1113, nzl19500, sljivanono).
You won.
Bread will takeout the May 4 peak (8 voters as of 3 PM EST June 12: lydon.sipe, skepticology, bxlphabet, barbadosso, reconnectnature, sporttr, marverick984, cosminblaga).
Bread will takeout the May 4 peak
I have a good amount of Bread, I really like what they are doing and what they intend to do... So I'm going to keep my prediction bullish enough!