Modum (MODBTC) 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, Modum began a wave one advance on August 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 28, and the red wave two (blue sub-waves a-b-c) correction ended on September 22. If this wave count is correct, Modum should be heading next towards the August 28 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Modum is a data integrity platform for supply chain operations, powered by blockchain technology. Blue Alpine Research published a quick token analysis on September 3.
(Sources: https://modum.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Modum will takeout the August 28 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Modum will drop below the August 3 low".
If you think Modum is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Modum will stay in a trading range between the August 3 low and the August 28 peak until November 5".
(Chart courtesy of Tradingview.com (log scale))
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