Cofound.it (CFIBTC) 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, Cofound.it began a wave one advance on December 7, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 29. If this wave count is correct, Cofound.it should be heading next towards the January 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Cofound.it is a platform that connects blockchain believers to teams that are building serious blockchain businesses. You can view a short introduction to Cofound.it below.
(Sources: https://cofound.it/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Cofound.it will takeout the April 23 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Cofound.it will drop below the December 7, 2017 low".
If you think Cofound.it is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Cofound.it will stay in a trading range between the December 7, 2017 low and the April 23 peak until August 7".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST July 5 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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