Crypto Contest April 8: WaykiChain

WaykiChain (Huobi: WICCETH) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, WaykiChain began a wave one (blue sub-waves i-ii-iii-iv-v) advance in January 2018. The red wave one finished in May 2018, and the red wave two (blue sub-waves a-b-c) correction ended in August 2018. If this wave count is correct, WaykiChain should be heading next towards the May 2018 peak in the red wave three.

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

Funnymentals

WaykiChain decentralized betting application is the first smart contract application launched by WaykiChain team. You can watch the CEO speech

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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