Oxen (KuCoin: OXENUSDT) 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, OXEN began a red wave one advance on February 1. The red wave one peaked on February 5 and the red wave two correction ended on February 10. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on February 12 and the red wave four (blue sub-waves a-b-c) correction ended on February 23. If this wave count is correct, OXEN should be heading next towards the February 12 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe OXEN is currently in the red wave three (blue sub-wave v). The red wave one began on November 12, 2020 and the red wave two correction ended on February 1 this year.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Oxen (formerly LOKI) is many things. A private cryptocurrency. A secure messaging platform. A network anonymity layer. Tools to build a more private future for the Internet. You can watch their latest AMA below.
(Sources: https://oxen.io/)How Will Oxen Trade?
Oxen (KuCoin: OXENUSDT) 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.
OXEN will takeout the February 12 peak
OXEN will drop below the February 1 low
OXEN will stay in a trading range between the February 1 low and the February 12 peak until April 8
