Crypto Contest January 15: VIBE

VIBE (Binance: VIBEBTC) 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, VIBE began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 22, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on December 14, 2018. If this wave count is correct, VIBE should be heading next towards the September 22, 2018 peak in the red wave three.

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