Morpheus Labs (HitBTC: MITXETH) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, MITX began a wave one leading diagonal advance in September 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in August this year, and the red wave two (blue sub-waves a-b-c) correction ended earlier this month. If this wave count is correct, MITX should be heading next towards the August peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Morpheus Labs is a blockchain company providing enterprises with a full-service Blockchain-Platform-as-a-Service (BPaaS) solution for easy prototyping, deployment, and integration. You can watch their intro video below.
(Sources: https://morpheuslabs.io/)How Will Morpheus Labs Trade?
Morpheus Labs (HitBTC: MITXETH) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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