Crypto Contest March 3: QLC Chain

QLC Chain (Binance: QLCBTC) 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, QLC began a wave one advance on December 9, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 15 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, QLC should be heading next towards the January 15 peak in the red wave three.

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

Funnymentals

QLC Chain is a public blockchain to enable decentralized Network-as-a-Service. Rock The Block Live interviewed

About the author: Markus Aarnio

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