VeriBlock (Bittrex: VBKBTC) 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, VeriBlock began a wave one advance on October 2. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on the same day, and the red wave two (blue sub-waves a-b-c) correction ended on October 10. If this wave count is correct, VeriBlock should be heading next towards the October 2 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The VeriBlock blockchain is a concrete implementation of PoP, which extends Bitcoin's security to other blockchains. You can watch their intro video below.
(Sources: https://www.veriblock.org/)How Will VeriBlock Trade?
VeriBlock (Bittrex: VBKBTC) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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