Crypto Contest January 9: Hydro

Hydro (Bittrex: HYDROBTC) 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, Hydro began a wave one advance on September 22, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 2, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 7 this year. If this wave count is correct, Hydro should be heading next towards the October 2, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Hydro is a decentralized ecosystem using cutting-edge cryptography to secure user accounts, identities,

About the author: TIMM Trader
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