Blockstack (Binance: STXUSDT) 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, STX began a wave one advance on October 31. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 3, and the red wave two (blue sub-waves a-b-c) correction ended on November 7. If this wave count is correct, STX should be heading next towards the November 3 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Blockstack is a decentralized computing network with 250+ apps that scale today. You can watch their intro video below.
(Sources: https://blockstack.org/)How Will Blockstack Trade?
Blockstack (Binance: STXUSDT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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