Circuits Of Value (COVALBTC) 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, Circuits Of Value began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 24. If this wave count is correct, Circuits Of Value should be heading next towards the January 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The COVAL platform is being developed with a primary purpose of moving value using “off-chain” methods. Tariq Manzoor has published a short introduction video on June 14.
(Sources: https://coval.readme.io/docs and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Circuits Of Value will takeout the April 19 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Circuits Of Value will drop below the December 8, 2017 low".
If you think Circuits Of Value is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Circuits Of Value will stay in a trading range between the December 8, 2017 low and the April 19 peak until August 19".
(Chart courtesy of Tradingview.com (log scale))
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