Crypto Contest May 20: Tripio

in blockchain •  5 months ago  (edited)

Tripio (Huobi: TRIOBTC) 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, Tripio began a wave one advance on January 29. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 7, and the red wave two (blue sub-waves a-b-c) correction ended on May 12. If this wave count is correct, Tripio should be heading next towards the April 7 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the daily chart, I believe Tripio is currently in the red wave three (blue sub-wave iii). The red wave three began on January 29.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Tripio is a decentralized travel marketplace protocol. You watch their intro video below.

(Sources: Tripio and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.


Published by Maarnio
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