APIS (Bithumb: APISKRW) 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, APIS began a wave one advance on November 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 28, and the red wave two (blue sub-waves a-b-c) correction ended on December 1. If this wave count is correct, APIS should be heading next towards the November 28 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
APIS is a masternode mediation platform that enables the entire spectrum of users to have easy access to the twotier incentivized network, also known as the “Masternode Network”. You can watch their intro video below.
(Sources: https://apisplatform.io/)How Will APIS Trade?
APIS (Bithumb: APISKRW) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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