CHAX (MEXC: CHAXUSDT) 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, CHAX began a red wave one advance on November 28. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 16 and the red wave two (blue sub-waves a-b-c) correction ended on January 6. If this wave count is correct, CHAX should be heading next towards the December 16 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
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How Will CHAX Trade?
CHAX (MEXC: CHAXUSDT) daily 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
CHAX will takeout the December 16 peak
CHAX will drop below the November 28 low
CHAX will stay in a trading range between the November 28 low and the December 16 peak until February 22