QuarkChain (Binance: QKCUSD) has broken out of the triangle pattern in the daily chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmTjSPmvTcnMRKgpe5DYZjPV5mLXpxizVEozLvmHjL5okJ)

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

**Elliott Wave Analysis**

In Elliott Wave terms, QuarkChain began a wave one advance on September 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 15, and the red wave two (blue sub-waves a-b-c) correction ended on November 7. If this wave count is correct, QuarkChain should be heading next towards the October 15 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmWT1cqhCHvf1XLTt3S8s8VifndkponLriMqbEpPtE6V8C)

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

Zooming out in the daily chart, I believe QuarkChain is currently in the red wave three (blue sub-wave iii). The red wave three began on September 12.
![nimetön3.png](https://ipfs.busy.org/ipfs/QmaXXGmRGPdY9oZPRoa8FhS1yqWBDCYjJjgwFYmjjpMxxe)

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

**Funnymentals**

QuarkChain Network is a high-throughput blockchain that aims to achieve more than hundreds of thousands on-chain transactions per second. dbcrypto interviewed the CEO last month.

https://youtu.be/ELupXxt0ARo

(*Sources: https://quarkchain.io/ and [YouTube](https://youtu.be/ELupXxt0ARo)*)
![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) "QuarkChain will takeout the October 15 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "QuarkChain will drop below the September 12 low".

If you think QuarkChain is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "QuarkChain will stay in a trading range between the September 12 low and the October 15 peak until December 20".
![nimetön4.png](https://ipfs.busy.org/ipfs/Qme3tzatMnxUngrJGHk9FhoF1AbnP8Hk2sxwobvDgM4DzP)

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

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