Republic Protocol (Binance: RENBTC) has broken out of the triangle pattern in the four-hour chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmdcRxgEuY7ZCc9hZpuxnBG9rjiCBuUJBgYa8y6fpBWcEw)

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

**Elliott Wave Analysis**

In Elliott Wave terms, Republic Protocol began a wave one advance on December 20. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 23, and the red wave two (blue sub-waves a-b-c) correction ended on December 27. If this wave count is correct, Republic Protocol should be heading next towards the December 23 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmZSwSu9nuds9BXNZUGoCrrmmgmhssh9JX1sA5mXSuku7t)

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

**Funnymentals**

Republic Protocol is a dark pool protocol for trading large volumes of cryptocurrencies. Epicenter interviewed the CEO and the CTO of Republic Protocol earlier this year.

https://youtu.be/XyByVQk5a90

(*Sources: https://republicprotocol.com/ and [YouTube](https://youtu.be/XyByVQk5a90)*)
![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) "Republic Protocol will takeout the December 23 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Republic Protocol will drop below the December 20 low".

If you think Republic Protocol is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Republic Protocol will stay in a trading range between the December 20 low and the December 23 peak until February 3, 2019".
![nimetön3.png](https://ipfs.busy.org/ipfs/QmdjALJqatcpVqys9q2JgXgegouEAii67dv5bUDWf2yiHg)

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

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