Spendcoin (Bittrex: SPNDBTC) 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, Spendcoin began a wave one advance on October 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 14, and the red wave two (blue sub-waves a-b-c) correction ended on October 17. If this wave count is correct, Spendcoin should be heading next towards the October 14 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Spendchain is a cross-chain interoperable payments blockchain designed to create frictionless payment transactions between consumers and merchants. You can watch their promo video below.
(Sources: https://spend.org/)How Will Spendcoin Trade?
Spendcoin (Bittrex: SPNDBTC) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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