Orbs (Bithumb: ORBSKRW) 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, Orbs began a wave one advance on August 15. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 26, and the red wave two (blue sub-waves a-b-c) correction ended on August 29. If this wave count is correct, Orbs should be heading next towards the August 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
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