Perlin (Binance: PERLUSDT) has broken out of the triangle pattern in the one-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Perlin began a wave one advance on August 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 26, and the red wave two (blue sub-waves a-b-c) correction ended on September 2. If this wave count is correct, Perlin should be heading next towards the August 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Perlin is a leaderless, scalable, PoS smart contract platform that aims to power the future of decentralized technologies and accelerates the transformation of international trade. BlockchainBrad interviewed the CTO back in June this year.
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