Crypto Contest July 5: Yuan Chain Coin

Yuan Chain Coin (Huobi: YCCBTC) 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, YCC began a wave one advance on May 28. The red wave one finished on June 7, and the red wave two correction ended on June 16. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 26, and the red wave four (blue sub-waves a-b-c) correction ended on July 4. If this wave count is correct, YCC should be heading next towards the June 26 peak in the red wave five.

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

Funnymentals

Yuan Chain is a corporate level blockchain SaaS platform. One of their use cases is featured below.

(Sources: Yuan Chain)

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You can vote by following this link.

About the author: TIMM Trader

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