Crypto Contest June 13: Universa

Universa (Bitfinex: UTNUSD) 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, Universa began a wave one advance on December 14, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on May 30. If this wave count is correct, Universa should be heading next towards the January 5 peak in the red wave three.

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

Funnymentals

Universa blockchain platform is the first Russian blockchain platform for building business applications intended to address the tasks

About the author: Markus Aarnio

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