Internxt (Bittrex: INXTBTC) 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, INXT began a leading diagonal red wave one advance on April 11. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 14 and the red wave two (blue sub-waves a-b-c) correction ended on April 20. If this wave count is correct, INXT should be heading next towards the April 14 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Internxt is working on building a private Internet. Its first service, Internxt Drive, is a decentralized cloud storage service available for individuals and businesses. SMALLCAP GEMS reviewed the project two weeks ago.
(Sources: https://internxt.com/)How Will Internxt Trade?
Internxt (Bittrex: INXTBTC) 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 and comment below.
INXT will takeout the April 14 peak
INXT will drop below the April 11 low
INXT will stay in a trading range between the April 11 low and the April 14 peak until May 29
