Ignis (Bittrex: IGNISUSD) 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, IGNIS began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June this year, and the red wave two (blue sub-waves a-b-c) correction ended in October. If this wave count is correct, IGNIS should be heading next towards the June peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ignis is the main, public, permissionless and fully featured child chain of the Ardor Platform. Crypto Woman covered something that IGNIS holders might want to take a look at.
(Sources: https://www.jelurida.com/ignis)How Will Ignis Trade?
Ignis (Bittrex: IGNISUSD) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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