Matryx (Huobi: MTXBTC) 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, MTX began a red wave A advance on January 15. The red wave A (blue sub-waves a-b-c) finished on April 5, and the red wave B (blue sub-waves a-b-c) correction ended on May 9. If this wave count is correct, MTX should be heading next towards the April 5 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
You can find out what Matryx and SARS-CoV-2 have in common by watching the video below.
(Sources: https://nanome.ai/matryx/)How Will Matryx Trade?
Matryx (Huobi: MTXBTC) 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.
MTX will takeout the April peak
MTX will drop below the January low
MTX will stay in a trading range between the January low and the April peak until June 18