Crypto Contest May 17: Time New Bank

Time New Bank (Binance: TNBUSD) 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, Time New Bank began a wave one advance on February 6. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 10. If this wave count is correct, Time New Bank should be heading next towards the April 8 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Time New Bank is a token that represents MiaoA International Timechain (M.I.T). That is dedicated

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.