QunQun (Huobi: QUNBTC) 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, QunQun began a wave one advance on January 28. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 25, and the red wave two (blue sub-waves a-b-c) correction ended on May 5. If this wave count is correct, QunQun should be heading next towards the April 25 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
QunQun is a blockchain-based incentive community platform. You can read their latest weekly report here.


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