Crypto Contest August 6: Prometeus

Prometeus (Bittrex: PROMBTC) 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, Prometeus began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 22, and the red wave two (blue sub-waves a-b-c) correction ended on July 29. If this wave count is correct, Prometeus should be heading next towards the July 22 peak in the red wave three.

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

Funnymentals

Prometeus is a Blockchain & AI enhanced ecosystem for the people owned data markets. BlockchainBrad interviewed one of the team members back in June this year.

(Sources: Prometeus and YouTube)

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You can vote by following this link.

About the author: Markus Aarnio

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