SONM (SNMUSD) 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, SONM began a wave one advance on November 2, 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 April 1. If this wave count is correct, SONM should be heading next towards the January 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
SONM is a decentralized fog-computing platform. BitCago Crypto published a coin overview on April 23.
(Sources: https://sonm.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "SONM will takeout the January 7 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "SONM will drop below the April 1 low".
If you think SONM is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "SONM will stay in a trading range between the April 1 low and the January 7 peak until June 16".
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