Mainframe (MFTETH) 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, Mainframe began a wave one advance on August 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 14, and the red wave two (blue sub-waves a-b-c) correction ended on September 22. If this wave count is correct, Mainframe should be heading next towards the September 14 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Mainframe is a privacy focused, p2p decentralized data relay network that empowers developers to create unstoppable, untrackable, and private web3 applications for the world of tomorrow. You can view their latest roundtable from September 27 below.
(Sources: https://mainframe.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Mainframe will takeout the September 14 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Mainframe will drop below the August 14 low".
If you think Mainframe is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Mainframe will stay in a trading range between the August 14 low and the September 14 peak until November 7".
(Chart courtesy of Tradingview.com (log scale))
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