Axelar (CRYPTO: AXLUSD) 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, AXL began a red wave one advance on December 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 15 and the red wave two (blue sub-waves a-b-c) correction ended on December 18. If this wave count is correct, AXL should be heading next towards the December 15 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Axelar delivers secure cross-chain communication for Web3. COINTROL reviewed the project four months ago.
(Sources: https://axelar.network/)
How Will Axelar Trade?
Axelar (CRYPTO: AXLUSD) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
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.
AXL will takeout the December 15 peak
AXL will drop below the December 13 low
AXL will stay in a trading range between the December 13 low and the December 15 peak until January 26
