Crypto Contest May 1: BHEX Token

BHEX Token (Huobi: BHTBTC) 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, BHT began a wave one advance on April 10. The blue wave one finished on April 17, and the blue wave two correction ended on April 19. The blue wave three advance finished on April 23, and the blue wave four correction ended on April 30. If this wave count is correct, BHT should be heading next towards the April 23 peak in the blue wave five.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the daily chart, I believe BHT is currently in the red wave three (blue sub-wave v). The red wave three began on April 10.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

BHT is the token issued by the BHEX trading platform ecosystem. There is currently a token swap ongoing.

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

How Will BHEX Token Trade?

BHEX Token (Huobi: BHTBTC) 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.

BHT will takeout the April 23 peak

BHT will drop below the April 10 low

BHT will stay in a trading range between the April 10 low and the April 23 peak until June 4

Posted Using LeoFinance