BlockStamp (HitBTC: BSTUSD) 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, BST began a wave one advance on December 17, 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 1 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 5. If this wave count is correct, BST should be heading next towards the January 1 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
BlockStamp is a blockchain ecosystem supporting privacy, fairness, authentication and freedom. You can read their plans for the current year here.
(Sources: https://blockstamp.info/)
How Will BlockStamp Trade?
BlockStamp (HitBTC: BSTUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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