Crypto Contest May 23: Blockparty

Blockparty (Bittrex: BOXXBTC) 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, Blockparty began a wave one advance on January 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 18, and the red wave two (blue sub-waves a-b-c) correction ended on May 13. If this wave count is correct, Blockparty should be heading next towards the March 18 peak in the red wave three.

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

Funnymentals

Blockparty is an event ticketing blockchain platform. You can watch their latest AMA below.

https://youtu.be/h3zbeasTj-A

(Sources: Blockparty and YouTube)

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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.