HYCON (Bithumb: HYCKRW) 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, HYCON began a wave one advance on September 25. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 27, and the red wave two (blue sub-waves a-b-c) correction ended on October 4. If this wave count is correct, HYCON should be heading next towards the September 27 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
HYCON is a digital asset built on top of a faster and more scalable blockchain developed by the HYCON R&D team. The Crypto Lark reviewed the project last year.
(Sources: https://hycon.io/)How Will HYCON Trade?
HYCON (Bithumb: HYCKRW) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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