PTON (Bittrex: PTONBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, PTON began a wave one advance on June 29. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 7, and the red wave two (blue sub-waves a-b-c) correction ended on July 15. If this wave count is correct, PTON should be heading next towards the July 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Foresting is a social media platform that rewards content creators for their time and creativity by using blockchain technology. PTON is the cryptocurrency that will be used as a reward on the Foresting platform. You can watch their intro video below.
(Sources: Foresting and YouTube)
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