Crypto Contest June 4: Bankex

Bankex (Bittrex: BKXUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Bankex began a wave one advance on February 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 10, and the red wave two (blue sub-waves a-b-c) correction ended on May 26. If this wave count is correct, Bankex should be heading next towards the April 10 peak in the red wave three.

(Chart courtesy of (log scale))


Bankex operates a Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) and blockchain together and facilitate the digitization, tokenization & exchange of traditional assets. Crypto Beadles interviewed the CEO last year.

(Sources: Bankex and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

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