Nervos Network (Huobi: CKBHT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, CKB began a wave one advance on November 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 25, and the red wave two (blue sub-waves a-b-c) correction ended on December 3. If this wave count is correct, CKB should be heading next towards the November 25 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Nervos Network is a multi-asset, store of value blockchain. BlockchainBrad interviewed the co-founder earlier this year.
(Sources: https://www.nervos.org/)How Will Nervos Network Trade?
Nervos Network (Huobi: CKBHT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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