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
GMX will stay in a trading range between the June 15 low and the September 5 peak until November 3
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
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
!shop
!shop
Hi~ eii!
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmadPZSURDoChgXH9xMdFHEHApQBacDnDK1oUJy5MwVgGF/shop.jpg)
@maarnio has gifted you 1 SHOP!
Currently you have: 323 SHOP
View or Exchange
Are you bored? Play Rock,Paper,Scissors game with me!SHOP
Please go to steem-engine.net.你好鸭,maarnio!
@eii给您叫了一份外卖!
虾条
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmcxs2TcVUdo9V8f9DcvycnmpdUDvnW9fRi6zQeScEtnBV/1957167376.jpg)
吃饱了吗?跟我猜拳吧! 石头,剪刀,布~
如果您对我的服务满意,请不要吝啬您的点赞~
GMX will takeout the September 5 peak
Correct. Upvoted your post:
https://steemit.com/hive-193552/@fredkese/actifit-fredkese-20221021t220704316z
Thank you
Hello friend!
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmd7of2TpLGqvckkrReWahnkxMWH6eMg5upXesfsujDCnW/image.png)
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmWDnFh7Kcgj2gdPc5RgG9Cezc4Bapq8sQQJvrkxR8rx5z/image.png)
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
GMX will takeout the September 5 peak
Correct. Upvoted your post:
https://steemit.com/laddoo/@shashiprabha/2vztsk
GMX will stay in a trading range between the June 15 low and the September 5 peak until November 3