Crypto Contest July 11: Ankr Network

Ankr Network (Bithumb: ANKRKRW) 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, Ankr began a wave one advance on May 17. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 11, and the red wave two (blue sub-waves a-b-c) correction ended on June 27. If this wave count is correct, Ankr should be heading next towards the June 11 peak in the red wave three.

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

Funnymentals

Ankr Network is a distributed cloud computing platform. You can watch their intro video below.

(Sources: Ankr Network and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: TIMM Trader

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