Livepeer (Poloniex: LPTBTC) 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, Livepeer began a wave one advance on July 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 30, and the red wave two (blue sub-waves a-b-c) correction ended on August 6. If this wave count is correct, Livepeer should be heading next towards the July 30 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Livepeer is a decentralized live streaming platform built on the blockchain. You can watch their latest community call below.
(Sources: Livepeer and YouTube)
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