Crypto Contest June 28: YouLive Coin

YouLive Coin (Huobi: UCBTC) 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, YouLive Coin began a wave one advance on February 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 9, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, YouLive Coin should be heading next towards the April 9 peak in the red wave three.

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

Funnymentals

YouLive’s vision is to build the truly decentralized live social platform through blockchain technology to enable real-time content

About the author: Markus Aarnio

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