Crypto Contest December 4: BANKEX
BANKEX (Bittrex: BKXBTC) 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, BKX began a wave one advance on August 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 11, and the red wave two (blue sub-waves a-b-c) correction ended on November 26. If this wave count is correct, BKX should be heading next towards the September 11 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
BANKEX provides an universal solution which can transform different asset classes to a digital system/field/economy/area providing it with liquidity, flexibility, and safety for asset owners and investors. You can read their latest AMA here.
(Sources: https://bankex.com/en)
How Will BANKEX Trade?
BANKEX (Bittrex: BKXBTC) 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.
- BKX will takeout the September peak
- BKX will drop below the August low
- BKX will stay in a trading range between the August low and the September peak until January 9
Answer the question at dpoll.xyz.
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BKX will takeout the September peak
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