Crypto Contest May 14: Ruff

Ruff (Huobi: RUFFUSDT) 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, Ruff began a wave one advance on December 8, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 5, and the red wave two (blue sub-waves a-b-c) correction ended on May 6. If this wave count is correct, Ruff should be heading next towards the April 5 peak in the red wave three.

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

Funnymentals

Ruff Chain is decentralized open source blockchain architecture for high efficiency Internet of Things application development. You can

About the author: Markus Aarnio

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