Function X (Bithumb: FXKRW) 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, FX began a red wave one advance on April 16. The red wave one finished on May 1, and the red wave two correction ended on May 12. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 7, and the red wave four (blue sub-waves a-b-c) correction ended on June 11. If this wave count is correct, FX should be heading next towards the June 7 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe FX is currently in the red wave three (blue sub-wave v). The red wave three began on April 16.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Function X is an ecosystem built entirely on and for the blockchain. You can watch their intro video below.
(Sources: https://functionx.io/#/)How Will Function X Trade?
Function X (Bithumb: FXKRW) daily 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.
FX will takeout the June 7 peak
FX will drop below the May 12 low
FX will stay in a trading range between the May 12 low and the June 7 peak until July 22
