Crypto Contest April 10: OriginTrail

OriginTrail (Bittrex: TRACBTC) 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, OriginTrail began a wave one (blue sub-waves i-ii-iii-iv-v) advance on March 15. The red wave one finished on March 26, and the red wave two (blue sub-waves a-b-c) correction ended on April 8. If this wave count is correct, OriginTrail should be heading next towards the March 26 peak in the red wave three.

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

Funnymentals

OriginTrail is blockchain-powered data exchange protocol for interconnected supply chains. BlockchainBrad interviewed the founders back in January this year.

(Sources: OriginTrail and YouTube)

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About the author: Markus Aarnio

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