Crypto Contest September 27: GMX

GMX (CoinEx: GMXUSDT) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, GMX began a red wave one advance on June 15. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on September 5 and the red wave two (blue sub-waves a-b-c) correction ended on September 19. If this wave count is correct, GMX should be heading next towards the September 5 peak in the red wave three.

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

Funnymentals

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Thor Hartvigsen reviewed the project three weeks ago.

(Sources: https://gmx.io/)

How Will GMX Trade?

GMX (CoinEx: GMXUSDT) daily 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.

GMX will takeout the September 5 peak

GMX will drop below the June 15 low

GMX will stay in a trading range between the June 15 low and the September 5 peak until November 3