Crypto Contest April 27: SwftCoin

SwftCoin (Huobi: SWFTCBTC) 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, SwftCoin began a wave one advance on December 10, 2018. The red wave one finished on January 8 this year, and the red wave two correction ended on March 9. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on April 7, and the red wave four correction ended on April 24. If this wave count is correct, SwftCoin should be heading next towards the April 7 peak in the red wave five.

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

Funnymentals

SWFT Blockchain

About the author: Markus Aarnio
I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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