Crypto Contest March 16: WAX

in hive-167922 •  5 years ago 

WAX (Huobi: WAXPETH) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, WAXP began a wave one advance on February 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 15, and the red wave two (blue sub-waves a-b-c) correction ended on March 13. If this wave count is correct, WAXP should be heading next towards the February 15 peak in the red wave three.

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

Funnymentals

WAX is the "safest and most convenient way" to create, buy, sell, and trade virtual items. You can check some of the latest developments below.

(Sources: https://wax.io/)

How Will WAX Trade?

WAX (Huobi: WAXPETH) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

WAXP will takeout the February 15 peak

WAXP will drop below the February 14 low

WAXP will stay in a trading range between the February 14 low and the February 15 peak until April 19

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  ·  5 years ago (edited)

.

Correct.

Posted via Steemleo

WAXP will takeout the February 15 peak

Correct.

Posted via Steemleo

WAXP will drop below the February 14 low

WAXP will takeout the February 15 peak

WAXP will stay in a trading range between the February 14 low and the February 15 peak until April 19

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WAXP will stay in a trading range between the February 14 low and the February 15 peak until April 19

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Posted via Steemleo


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WAXP will stay in a trading range between the February 14 low and the February 15 peak until April 19

WAXP will stay in a trading range between the February 14 low and the February 15 peak until April 19

WAXP will takeout the February 15 peak

WAXP will stay in a trading range between the February 14 low and the February 15 peak until April 19

WAXP will stay in a trading range between the February 14 low and the February 15 peak until April 19

WAXP will drop below the February 14 low


Hey @maarnio, here is a little bit of BEER from @eii for you. Enjoy it!

Learn how to earn FREE BEER each day by staking.