ArtByte (Bittrex: ABYBTC) has broken out of the triangle pattern in the weekly chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmcXNJkqXbQgirG3Z6k4EtmCKsZgSS5ESinGuic9TBvtQu)

(*Chart courtesy of Tradingview.com (log scale)*)

**Elliott Wave Analysis**

In Elliott Wave terms, ArtByte began a wave one advance in January 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November this year. If this wave count is correct, ArtByte should be heading next towards the June 2017 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmbVrwHembe1LDwBSkrrRMP6nkbX22EPY9Ph9teZDdVHov)

(*Chart courtesy of Tradingview.com (log scale)*)

**Funnymentals**

ArtByte is a cryptocurrency built to support artists using blockchain technology. The project was founded in 2014 and currently there are 790 million coins minted. In the first 10 years, 1 billion ArtBytes will be created.

![nimetön4.png](https://ipfs.busy.org/ipfs/QmVDA6hAgNGWqXsTx1wGVicG6ZDMV2Rf5ieQa7ccSBUkKx)



(*Sources: https://www.artbyte.me/*)
![steemverify.png](https://ipfs.busy.org/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ArtByte will takeout the September peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ArtByte will drop below the November low".

If you think ArtByte is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ArtByte will stay in a trading range between the November low and the September peak until January 30, 2019".
![nimetön3.png](https://ipfs.busy.org/ipfs/QmeowV73R5Exr6Ptzm7HcnoGXVhY1zwGFnmMttGEnGZ9WJ)

(*Chart courtesy of Tradingview.com (log scale)*)

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