U Network (Huobi: UUUBTC) 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, U Network began a wave one advance on February 25. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, U Network should be heading next towards the April 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
U Network is a decentralized content asset storage, notarization, distribution, publishing and valuation network. Crypto Love reviewed the token last year.
(Sources: U Network and YouTube)
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