Crypto Contest July 23: Revain
Revain (HitBTC: RBTC) 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, Revain began a wave one advance on June 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 2, and the red wave two (blue sub-waves a-b-c) correction ended on July 21. If this wave count is correct, Revain should be heading next towards the July 2 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Revain is a review platform built with blockchain technology. You can watch their intro video below.
How can I vote? Where is the contest?
You can vote by following this link.
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