MX Token (Huobi: MXHT) 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, MX began a wave one advance on January 31. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 10, and the red wave two (blue sub-waves a-b-c) correction ended on March 16. If this wave count is correct, MX should be heading next towards the February 10 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
MX is the native token of the MXC trading platform. MX holders reportedly benefit from asset appreciation, rebates on platform revenue, supervision, and voting. MX can be obtained through mining or purchases.
(Sources: https://www.mxc.com/)
How Will MX Token Trade?
MX Token (Huobi: MXHT) 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.
MX will takeout the February peak
MX will drop below the January low
MX will stay in a trading range between the January low and the February peak until May 7
Posted via Steemleo