UGAS (Huobi: UGASETH) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, UGAS began a wave one advance on August 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 15, and the red wave two (blue sub-waves a-b-c) correction ended on August 27. If this wave count is correct, UGAS should be heading next towards the August 15 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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