Morpheus.Network (Bittrex: MRPHUSD) 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, MRPH began a wave one advance on November 25. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 4, and the red wave two (blue sub-waves a-b-c) correction ended on December 18. If this wave count is correct, MRPH should be heading next towards the December 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe MRPH is currently in the red wave three (blue sub-wave iii). The red wave three began on November 25.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Morpheus.Network is a full-service, global, automated, supply chain platform with an integrated cryptocurrency payment system utilizing blockchain technology. You can watch their December AMA below.
(Sources: https://morpheus.network/)How Will Morpheus.Network Trade?
Morpheus.Network (Bittrex: MRPHUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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