Musicoin (MUSIC) 🎷🥁🎺🎹🎸 Massive spike incoming?
Musicoin is an exciting platform for musicians, built on Ethash algoritm. Designed to support the creation, distribution and consumption of music where musicians get paid through Pay-Per-Play (PPP) smart contracts.
Today I present the charts, first out is the flashy Superguppy tool. Here you can see how the guppy show the trend changes. No signals given yet, but the price have turned away from the bears.
As the daily chart shows the MUSIC currency have been quite volatile, and many trade opportunities occured.
I have labeled up an Elliot Wave where the target correspond with the last correction at the same fibonacci levels as the ATH in May 2017. Initial target for wave 1 is 600 satoshi, and the full EW target could be as high as 1900 satoshis.
Here is the 1hour chart, and it shows price have been climbimg for about a week, and is now well above the Ichimoku cloud on a rising volume.
The hollow candles are bullish, as they closes higher than its opening. Filled candles close lower.
I have labeled up the yellow circled subwaves in the pink wave 1, and populated the subwaves in there telling we are now on the 3. yellow subwave.
Clearly an interesting chart, and one to follow up, especially since I have an upcoming guitar player in the house having his first public performance tomorrow.
These are just my thoughts, not a trading advice.
If you have another view on the charts your welcome to discuss and post your charts in the comments.
Comments are highly appreciated, and please
upvote, resteem and follow me if you profit or otherwise enjoy my posts !
If you feel like buying me a beer,just send me some STEEM :)
Thank you for your analysis. It is probably the first time I ever hear about music coin, but it seems promising. I will risk and put some money on it. Plus I am a beginner guitar player as well, so let's give the coin some support.
I accidently stumbled across it myself as I searched to mine an unknown, upcoming coin :)
Guitar players always seem to make a party better @humblestudent. When do I see you and your guitar on d.tube?
Why not, but first I need to improve my skills a little bit more. Probably first I will play on the streets and if no one throws an egg, or something, I might take the D.Tube challenge :)
Excelent analysis and you've picked a really strong coin, even though the 5th wave might semm a little too ooptimistic I can't argue it as it is what the proyections show.
I try to only focus on what I see in the charts, but it seem a little high altough I think it might happen.
I think that the TA show the best scenario possible, I always try to take proffit 10-20% before that.
I have started to set my sell ladders when I see a 4. subwave finish in a 5.th elliot wave, but I don't mind holding in a minor correction in btc either. Other coins is more uncertain. But this one I'm mining.
They just announced a hard fork which will improve the stability on the site.
I am seeing huge interest among my fellow musicians and we even have the Musicoin embedded player integrated into AtomCollectorRecords.com already.
I am no investor but as a musician I can tell you that this technology is amazing!
Add dsound & Musicoin tracks and get more plays!
Follow @JuxtaMusic for More Of My Music
Thanks for your insight and your ad, I'd appreciate if you would help me make the post more visible too 👍
Unfortunately there is so much crypto currency info on Steemit that I like to keep my feed free of it and just put music related posts so I won't be able to resteem. Sorry.
Ok, I understand.
I'd like to add.. Appreciate the removal of your ad as I find 1 direction people annoying and I don't want to promote your site free.
def one to follow ... Interact with the digitalTRAFFIC 'AI' track remix exclusive to @musicoins ...
... aye aye another AI ...
https://musicoin.org/nav/track/0x94689de88e1499bbc7b7ee1e7d719c91ff797250
#music #musicoins #blockchain #AI #MusicBlockchain #MusicoinStorm #bitcoin #cryptomusic #musicoinelectronic #musicoinindie #crypto #music_chain #musictech
Thanks for your insights and experiences, best sp