TomoChain (Binance: TOMOBTC) 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, TOMO began a wave one advance on September 25. The red wave one finished on September 28, and the red wave two correction ended on October 1. The red wave three advance finished on October 8, and the red wave four correction ended on October 13. If this wave count is correct, TOMO should be heading next towards the October 8 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TomoChain relies on a system of 150 Masternodes with Proof of Stake Voting (PoSV) consensus. BlockchainBrad interviewed the CEO back in July.
(Sources: https://tomochain.com/)How Will TomoChain Trade?
TomoChain (Binance: TOMOBTC) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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