Crypto Contest June 23: BeeKan

BeeKan (Huobi: BKBTBTC) 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, BeeKan began a wave one advance on December 22, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 21, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, BeeKan should be heading next towards the March 21 peak in the red wave three.

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

Funnymentals

Beenews is a value discovery platform for blockchain and digital currencies based on meta-graph chain (BKBT-Token).

(Sources: BeeKan)

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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.