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Crypto Contest May 20: Axl Inu

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Markus Aarnio
@maarnio
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Axl Inu (Gate.io: AXLUSDT) 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, AXL began a red wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 18 and the red wave two (blue sub-waves a-b-c) correction ended on May 19. If this wave count is correct, AXL should be heading next towards the May 18 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

AXL INU is being developed as a Decentralized Eco-System with a LaunchPad, Farming, Staking, NFT Marketplace, and a Metaverse. Marco Haravan reviewed the project five months ago.

(Sources: https://www.axltoken.com/)

How Will Axl Inu Trade?

Axl Inu (Gate.io: AXLUSDT) four-hour 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.

AXL will takeout the May 18 peak

AXL will drop below the May 14 low

AXL will stay in a trading range between the May 14 low and the May 18 peak until June 26

Posted Using LeoFinance Beta