Crypto Contest August 8: Huobi Token
Huobi Token (Huobi: HTBTC) 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, Huobi Token began a wave one advance in November 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April this year, and the red wave two (blue sub-waves a-b-c) correction ended in June. If this wave count is correct, Huobi Token should be heading next towards the April peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Huobi Token is currently in the red wave three (blue sub-wave iii). The red wave three began in November 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Huobi Token is an exchange based token and native currency of the Huobi crypto exchange. You can watch their intro video below.
(Sources: Huobi Token and YouTube)
How can I vote? Where is the contest?
You can vote by following this link.
Greetings @maarnio,
Thank you for these contests.
Wishing you all the best.
Cheers!
Appreciate the reSteems......thank you!
You are welcome.
Thank you for all the support.
All the best to you as well.
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