Crypto Contest April 6: PAX Gold

PAX Gold (Kraken: PAXGUSD) 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, PAXG began a wave one advance on March 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 27, and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, PAXG should be heading next towards the March 27 peak in the red wave three.

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

Funnymentals

PAX Gold (PAXG) is a digital asset. Each token is backed by one fine troy ounce of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. You can watch their intro video below.

(Sources: https://www.paxos.com/paxgold/)

*How Will PAX Gold Trade?

PAX Gold (Kraken: PAXGUSD) four-hour 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.

PAXG will takeout the March 27 peak

PAXG will drop below the March 16 low

PAXG will stay in a trading range between the March 16 low and the March 27 peak until May 10