Crypto Contest July 19: Genaro Network

Genaro Network (Huobi: GNXBTC) 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, GNX began a wave one advance on July 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 6, and the red wave two (blue sub-waves a-b-c) correction ended on July 17. If this wave count is correct, GNX should be heading next towards the July 6 peak in the red wave three.

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

Funnymentals

The Genaro Network is a smart data ecosystem with a Dual-Strata architecture, integrating a public blockchain with decentralized storage. You can watch their intro video below.

(Sources: Genaro 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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