Crypto Contest July 9: ZB

ZB (Bitfinex: ZBTUSD) 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, ZB began a wave one advance on June 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 30, and the red wave two (blue sub-waves a-b-c) correction ended on July 2. If this wave count is correct, ZB should be heading next towards the June 30 peak in the red wave three.

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

Funnymentals

ZB.com provides trading service for blockchain asset such as Bitcoin, Ethereum and Litecoin to the customers around the world. FX Empire reviewed the platform last year.

(Sources: ZB and YouTube)

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You can vote by following this link.

About the author: TIMM Trader

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