Crypto Contest February 12: WazirX

Crypto Contest February 12: WazirX

WazirX (Binance: WRXUSD) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, WRX began a wave one advance on February 5. The red wave one finished on February 5, and the red wave two correction ended on the same day as well. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on February 7, and the red wave four (blue sub-waves a-b-c) correction ended on February 9. If this wave count is correct, WRX should be heading next towards the February 7 peak in the red wave five.

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

Funnymentals

WazirX is India's "most trusted" bitcoin exchange. WazirX's co-founder was on stage in Genesis block conference 2020 in Bangalore.

How Will WazirX Trade?

WazirX (Binance: WRXUSD) four-hour 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.

• WRX will takeout the February 7 peak

• WRX will drop below the February 5 low

• WRX will stay in a trading range between the February 5 low and the February 7 peak until March 18

Answer the question at dpoll.xyz.