Swarm City (SWTUSD) 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, Swarm City began a wave one advance on March 16. The red wave one (blue sub-waves i-ii-iii-iv-v) advance finished on June 11, and the red wave two (blue sub-waves a-b-c) correction ended on July 26. If this wave count is correct, Swarm City should be heading next towards the June 11 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
I believe Swarm City is currently in the red wave three (blue sub-wave iii). The red wave three began on July 26.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Swarm City is a decentralized commerce platform. Here is the official video explaining the token.
(Source: https://swarm.city/)
If you think this analysis is correct, upvote this post and upvote the comment "Swarm City will takeout the June 11 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Swarm City will drop below the July 26 low".
If you think Swarm City is in a range, upvote this post and upvote the comment "Swarm City will stay in a trading range between the July 26 low and the June 11 peak until January 13, 2018".
You can upvote the comment until 3 PM EST December 14 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).
