OAX (OAXBTC) has broken out of the triangle pattern in the weekly chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmXpU7vuHeQ48rvaDy8s35TXiVJTDw4yinsyYdtLrzBAF3)

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

**Elliott Wave Analysis**

In Elliott Wave terms, OAX began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, OAX should be heading next towards the January peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmWQCPG7X8XsEgqN4T1TcDtmkSzVfax9eYewkwmt7XMVsM)

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

**Funnymentals**

OpenANX is an open-source, decentralized exchange platform based on the 0x protocol. You can view their official introduction video below.

https://youtu.be/YTpyABNCfKw

(*Sources: https://www.oax.org/en and [YouTube](https://youtu.be/YTpyABNCfKw)*)
![steemverify.png](https://ipfs.busy.org/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "OAX will takeout the April peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "OAX will drop below the September low".

If you think OAX is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "OAX will stay in a trading range between the September low and the April peak until November 23".
![nimetön3.png](https://ipfs.busy.org/ipfs/Qme9EEazy8Vs5Uhz9JWpupoZ3SojzU7nbpJ8SxVenbN1un)

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

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