Bitcoin Diamond (Binance: BCDETH) 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, BCD began a wave one advance on January 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 15, and the red wave two (blue sub-waves a-b-c) correction ended on February 7. If this wave count is correct, BCD should be heading next towards the January 15 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Bitcoin Diamond is a hard-fork of the Bitcoin network that made its debut in November 2017. Pro Crypto explained the coin earlier this year.
(Sources: https://www.bitcoindiamond.org/)How Will Bitcoin Diamond Trade?
Bitcoin Diamond (Binance: BCDETH) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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