Crypto Contest May 26: Celer Network

Celer Network (Binance: CELRUSDT) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Celer Network began a wave one advance on May 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 21, and the red wave two (blue sub-waves a-b-c) correction ended on May 25. If this wave count is correct, Celer Network should be heading next towards the May 21 peak in the red wave three.

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

Funnymentals

Celer Network is a layer-2 scaling platform that enables fast, easy and secure off-chain transactions. BlockchainBrad interviewed the

About the author: Markus Aarnio

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