SmartMesh (Huobi: SMTETH) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, SmartMesh began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, SmartMesh should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
SmartMesh will build P2P mesh networks that run parallel to the international Internet based on intelligent hardware, software and protocols. You can watch an interview with Dr. Peter Yan of SmartMesh below.
(Sources: SmartMesh and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “SmartMesh will takeout the September 2018 peak”.
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “SmartMesh will drop below the December 2018 low”.
If you think SmartMesh is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “SmartMesh will stay in a trading range between the December 2018 low and the September 2018 peak until April 21”.
(Chart courtesy of Tradingview.com (log scale))
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