Function X (Bittrex: FXETH) 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, Function X began a wave one advance on July 5. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 30, and the red wave two (blue sub-waves a-b-c) correction ended on August 12. If this wave count is correct, Function X should be heading next towards the July 30 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Function X is an ecosystem built entirely on and for the blockchain. f(X) consists of OS, public blockchain, FXTP, docker and IPFS. Their XPhone is coming soon.
(Sources: Function X and YouTube)
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