Crypto Contest April 30: All Sports

All Sports (Huobi: SOCBTC) has broken out of the wedge pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, All Sports began a wave one advance on December 20, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 10 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 26. If this wave count is correct, All Sports should be heading next towards the April 10 peak in the red wave three.

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

Funnymentals

SOC is a digitally-encrypted virtual currency based on blockchain and smart contract technology that is

About the author: Markus Aarnio

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