MX TOKEN (MEXC: MXUSDT) 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, MX began a red wave one advance in December 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in May this year and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, MX should be heading next towards the May peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
MEXC is a "leading" one-stop crypto shop and rapidly growing exchange. Crypto With James reviewed the exchange one month ago.
(Sources: https://www.mexc.com/)
How Will MX TOKEN Trade?
MX TOKEN (MEXC: MXUSDT) 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
MX will takeout the May peak
MX will drop below the September low
MX will stay in a trading range between the September low and the May peak until January 13, 2024
Posted Using InLeo Alpha
