Crypto Contest January 18: GPEX

GPEX (Bittrex: GPXUSDT) 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, GPX began a red wave one advance on December 22. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 7 and the red wave two (blue sub-waves a-b-c) correction ended on January 16. If this wave count is correct, GPX should be heading next towards the January 7 peak in the red wave three.

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

Funnymentals

GPEX is a global exchange for all the points you earn. You can find their whitepaper here.

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

How Will GPEX Trade?

GPEX (Bittrex: GPXUSDT) 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.

GPX will takeout the January 7 peak

GPX will drop below the December 22 low

GPX will stay in a trading range between the December 22 low and the January 7 peak until February 25