Crypto Contest May 27: Content Neutrality Network

Content Neutrality Network (Bitfinex: CNNUSD) 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, CNN began a wave one advance on February 6. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 7, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, CNN should be heading next towards the April 7 peak in the red wave three.

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

Funnymentals

Content Neutrality Network is a blockchain-based content ecosystem. Crypto Tone interviewed the founder in February this year.

(Sources:

About the author: Markus Aarnio

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