SONM (Binance: SNMUSD) has broken out of the triangle pattern in the four-hour chart.
[](https://postimg.cc/67ypsvC2)
(Chart courtesy of Tradingview.com (log scale))
**Elliott Wave Analysis**
In Elliott Wave terms, SONM began a wave one advance on September 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 22, and the red wave two (blue sub-waves a-b-c) correction ended on September 24. If this wave count is correct, SONM should be heading next towards the September 22 peak in the red wave three.
[](https://postimg.cc/njx7n22S)
(Chart courtesy of Tradingview.com (log scale))
**Funnymentals**
SONM is a decentralized fog computing platform. You can read their latest blog post here.
[](https://postimg.cc/mhvRXrLj)
(Sources: https://sonm.com/)
**How Will SONM Trade?**
SONM (Binance: SNMUSD) four-hour chart by Tradingview.
[](https://postimg.cc/RqZ5gHxw)
(Chart courtesy of Tradingview.com (log scale))
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