SafeExchangeCoin (SAFEUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, SafeExchangeCoin began a wave one advance on January 5. The red wave one finished on February 2, and the red wave two correction ended on February 11. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on August 12, and the red wave four (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, SafeExchangeCoin should be heading next towards the August 12 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
One can see the Elliott Waves even better in the line chart below.
(Chart courtesy of Tradingview.com (log scale))
If you think this analysis is correct, upvote this post and upvote the comment "SafeExchangeCoin will takeout the August 12 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "SafeExchangeCoin will drop below the September 15 low".
If you think SafeExchangeCoin is in a range, upvote this post and upvote the comment "SafeExchangeCoin will stay in a trading range between the September 15 low and the August 12 peak until November 6".
You can upvote the comment until 3 PM EST October 7 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).