PointPay (Bittrex: PXPUSDT) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, PXP began a red wave one advance in April 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in August 2022 and the red wave two (blue sub-waves a-b-c) correction ended in January this year. If this wave count is correct, PXP should be heading next towards the August 2022 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
PointPay is a cryptocurrency banking platform that has been in operation since 2018. You can watch their latest AMA below.
(Sources: https://pointpay.io/)
How Will PointPay Trade?
PointPay (Bittrex: PXPUSDT) weekly 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
PXP will takeout the August 2022 peak
PXP will drop below the January 2023 low
PXP will stay in a trading range between the January 2023 low and the August 2022 peak until July 16