MovieBloc (Bithumb: MBLKRW) 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, MBL began a wave one advance on January 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 20, and the red wave two (blue sub-waves a-b-c) correction ended on February 27. If this wave count is correct, MBL should be heading next towards the February 20 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
MovieBloc is a decentralized movie and content distribution platform. You can read the Binance Research report here.
(Sources: http://moviebloc.io/)
How Will MovieBloc Trade?
MovieBloc (Bithumb: MBLKRW) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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