Crypto Contest November 29: Immutable X

Immutable X (Huobi: IMXUSDT) 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, IMX began a red wave one advance on November 22. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 26 and the red wave two (blue sub-waves a-b-c) correction ended on November 28. If this wave count is correct, IMX should be heading next towards the November 26 peak in the red wave three.

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

Funnymentals

Immutable X is a layer-2 scaling solution for NFTs on Ethereum, with instant trade confirmation, massive scalability (up to 9,000+ trades per second), zero gas fees — without compromising user custody. Paul Barron Network reviewed the project two weeks ago.

(Sources: https://www.immutable.com/)

How Will Immutable X Trade?

Immutable X (Huobi: IMXUSDT) four-hour 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.

IMX will takeout the November 26 peak

IMX will drop below the November 22 low

IMX will stay in a trading range between the November 22 low and the November 26 peak until January 6