Nexo (HitBTC: NEXOUSDT) 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, NEXO began a red wave one advance on March 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 29, and the red wave two (blue sub-waves a-b-c) correction ended on September 5. If this wave count is correct, NEXO should be heading next towards the July 29 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
With Nexo you can earn daily compounding interest on your crypto and EUR, GBP and USD. Aaron Bennett reviewed the project last month.
How Will Nexo Trade?
Nexo (HitBTC: NEXOUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers.
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.
NEXO will takeout the July 29 peak
NEXO will drop below the May 10 low
NEXO will stay in a trading range between the May 10 low and the July 29 peak until November 22
NEXO will stay in a trading range between the May 10 low and the July 29 peak until November 22