Crypto Contest June 14: Ether Zero

Ether Zero (Bithumb: ETZKRW) 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, Ether Zero began a wave one advance on February 10. The red wave one finished on February 17, and the red wave two correction ended on February 24. The red wave three advance finished on April 6, and the red wave four correction ended on May 13. If this wave count is correct, Ether Zero should be heading next towards the April 6 peak in the red wave five.

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

Funnymentals

Ether Zero is a hard

About the author: Markus Aarnio

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