Pal Network (Bittrex: PALBTC) 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, Pal Network began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 25 this year. If this wave count is correct, Pal Network should be heading next towards the December 28, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Pal Network is decentralizing insurance. BlockchainBrad interviewed the CEO back in November 2018.
(Sources: Pal Network and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Pal Network will takeout the December 28, 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Pal Network will drop below the November 25, 2018 low".
If you think Pal Network is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Pal Network will stay in a trading range between the November 25, 2018 low and the December 28, 2018 peak until March 3".
(Chart courtesy of Tradingview.com (log scale))
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