Crypto Contest July 14: Acute Angle Cloud

Acute Angle Cloud (Huobi: AACBTC) 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, AAC began a wave one advance on February 19. 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 July 11. If this wave count is correct, AAC should be heading next towards the April 8 peak in the red wave three.

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

Funnymentals

The Acute Angle Cloud aims to build a globally distributed IaaS service platform. You can watch their promo video below.

(Sources: Acute Angle Cloud 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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