Crypto Contest July 24: Fusion

Fusion (Bittrex: FSNBTC) 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, Fusion began a wave one advance on May 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 20, and the red wave two (blue sub-waves a-b-c) correction ended on July 16. If this wave count is correct, Fusion should be heading next towards the June 20 peak in the red wave three.

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

Funnymentals

Fusion is a public blockchain creating an inclusive cryptofinancial platform by providing cross-chain, cross-organization and cross-datasource smart contracts. You can watch their intro video below.

(Sources: Fusion 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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