Rate3 (Huobi: RTEBTC) 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, Rate3 began a wave one advance on August 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 24, and the red wave two (blue sub-waves a-b-c) correction could have ended today. If this wave count is correct, Rate3 should be heading next towards the August 24 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Rate3 is a decentralised dual protocol to bridge enterprises to the blockchain through cross-chain asset tokenization and identity management.
(Sources: Rate3)
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