Harmony (Binance: ONEBTC) 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, Harmony began a wave one advance on June 1. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 6, and the red wave two (blue sub-waves a-b-c) correction ended on June 17. If this wave count is correct, Harmony should be heading next towards the June 6 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Harmony aims to offer a high-throughput, low-latency, and low-fee consensus platform designed to power decentralized economies of the future. Boxmining interviewed the co-founder last month.
(Sources: Harmony and YouTube)
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