PlayChip (HitBTC: PLABTC) 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, PlayChip began a wave one advance on January 30. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 30, and the red wave two (blue sub-waves a-b-c) correction ended on July 10. If this wave count is correct, PlayChip should be heading next towards the January 30 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
PlayChip is an universal gaming token for sports betting, fantasy sports and e-sports. You can watch their intro video below.
(Sources: PlayChip and YouTube)
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