Crypto Contest May 11: Wollo

Wollo (Bitfinex: WLOUSD) 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, Wollo began a wave one advance on December 28, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 1, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on April 12. If this wave count is correct, Wollo should be heading next towards the February peak in the red wave three.

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

Funnymentals

Wollo is a digital currency designed to help kids learn the principles of money, safely and securely with

About the author: Markus Aarnio

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