Electroneum (Huobi: ETNBTC) 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, Electroneum began a wave one advance on June 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 17, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, Electroneum should be heading next towards the June 17 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Electroneum is using the power of blockchain to unlock the global digital economy for millions of people in the developing world. You can watch their latest AMA below.
(Sources: Electroneum and YouTube)
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