UTRUST (Bitfinex: UTKUSD) 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, UTRUST began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 3 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 24. If this wave count is correct, UTRUST should be heading next towards the June 3 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
According to their website, UTRUST is the world’s first cryptocurrency payment gateway to offer buyer protection, instant transactions and crypto-to-cash settlements. You can watch their latest news below.
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