Crypto Contest April 14: Kcash

Kcash (Huobi: KCASHBTC) 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, Kcash began a wave one (blue sub-waves i-ii-iii-iv-v) advance on January 10. The red wave one finished on April 7, and the red wave two (blue sub-waves a-b-c) correction ended on April 11. If this wave count is correct, Kcash should be heading next towards the April 7 peak in the red wave three.

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

Funnymentals

Kcash is a safe and convenient digital wallet for blockchain assets. You can watch their introduction video below.

(Sources: Kcash 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.