TrueChain (Bithumb: TRUEKRW) 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, TrueChain began a wave one advance in November 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April this year, and the red wave two (blue sub-waves a-b-c) correction ended on August 15. If this wave count is correct, TrueChain should be heading next towards the April peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TrueChain is a fast, permissionless, secure and scalable public blockchain supported by hybrid consensus technology. You can watch their intro video below.
(Sources: TrueChain and YouTube)
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