Waves (Bittrex: WAVESUSD) 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, WAVES began a wave one advance in August 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2019. If this wave count is correct, WAVES should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Waves is an open platform for Web 3.0 applications and custom decentralized solutions. You can watch their December 2019 presentation below.
(Sources: https://wavesplatform.com/)How Will Waves Trade?
Waves (Bittrex: WAVESUSD) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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