Crypto Contest January 23: Propy

Propy (Bittrex: PROUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Propy began a wave one advance on December 17, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 26, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 14. If this wave count is correct, Propy should be heading next towards the December 26, 2018 peak in the red wave three.

(Chart courtesy of (log scale))
Propy is a global real estate marketplace with decentralized title registry. Crypto Finder interviewed the CEO

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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