Circuits of Value (Bittrex: COVALUSD) 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, Circuits of Value began a wave one advance in October 2015. 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 on March 6 this year. If this wave count is correct, Circuits of Value should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Circuits of Value is a tradable crypto token and platform for movable value. WhaleBearMan interviewed one of the developers late last year.
(Sources: Circuits of Value and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Circuits of Value will takeout the December 20, 2018 peak”.
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Circuits of Value will drop below the March 6, 2019 low”.
If you think Circuits of Value is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Circuits of Value will stay in a trading range between the March 6, 2019 low and the December 20, 2018 peak until May 1”.
(Chart courtesy of Tradingview.com (log scale))
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