CoinMeet (Huobi: MEETBTC) 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, CoinMeet began a wave one advance on June 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 20, and the red wave two (blue sub-waves a-b-c) correction ended on September 4. If this wave count is correct, CoinMeet should be heading next towards the August 20 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
CoinMeet is building a blockchain ecosystem focusing on digital assets, digital identity and digital socializing. You can read their white paper here.
(Sources: CoinMeet and White Paper)
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