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.
(Sources: https://wazirx.com/)
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
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WRX will takeout the February 7 peak
(36.14%)
30
/ 83
36.14% Complete (success)
WRX will stay in a trading range between the February 5 low and the February 7 peak until March 18
(34.94%)
29
/ 83
34.94% Complete (success)
WRX will drop below the February 5 low
(28.92%)
24
/ 83
28.92% Complete (success)