UpToken (Bittrex: UPBTC) 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, UpToken began a wave one advance on November 26, 2018. The red wave one finished on December 12, 2018, and the red wave two correction ended on January 10 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 18, and the red wave four (blue sub-waves a-b-c) correction ended on February 9. If this wave count is correct, UpToken should be heading next towards the January 18 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
UpToken is a crypto asset that will accelerate the establishment of a global network of crypto ATMs. Cryptofit reviewed the token in April 2018.
(Sources: UpToken and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "UpToken will takeout the January 18 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "UpToken will drop below the January 10 low".
If you think UpToken is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "UpToken will stay in a trading range between the January 10 low and the January 18 peak until March 17".
(Chart courtesy of Tradingview.com (log scale))
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