Crypto Contest June 11: ContentBox

ContentBox (Huobi: BOXBTC) 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, ContentBox began a wave one advance on January 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 2, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, ContentBox should be heading next towards the April 2 peak in the red wave three.

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

Funnymentals

ContentBox is empowering a decentralized digital content ecosystem. You can watch their intro video below.

(Sources: ContentBox and YouTube)

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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.