Crypto Contest May 31: EduCoin

EduCoin (Huobi: EDUBTC) 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, EduCoin began a wave one advance on January 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 15. If this wave count is correct, EduCoin should be heading next towards the April 8 peak in the red wave three.

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

Funnymentals

The EduCoin platform is designed to be a blockchain-based decentralized global education service platform. You can view their development plan below.

(Sources:

About the author: Markus Aarnio
I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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