ArtByte (Bittrex: ABYBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ArtByte began a wave one advance in January 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November this year. If this wave count is correct, ArtByte should be heading next towards the June 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
ArtByte is a cryptocurrency built to support artists using blockchain technology. The project was founded in 2014 and currently there are 790 million coins minted. In the first 10 years, 1 billion ArtBytes will be created.
(Sources: https://www.artbyte.me/)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ArtByte will takeout the September peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ArtByte will drop below the November low".
If you think ArtByte is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ArtByte will stay in a trading range between the November low and the September peak until January 30, 2019".
(Chart courtesy of Tradingview.com (log scale))
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