Crypto Contest June 5: IDEX

IDEX (Binance: IDEXUSDT) 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, IDEX began a red wave one advance on March 11. The red wave one peaked on March 20 and the red wave two correction ended on March 27. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 5 and the red wave four (blue sub-waves a-b-c) correction ended on May 25. If this wave count is correct, IDEX should be heading next towards the May 5 peak in the red wave five.

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

Funnymentals

IDEX is the "first" layer3 derivatives exchange. Money Barrels reviewed the project three weeks ago.

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

How Will IDEX Trade?

IDEX (Binance: IDEXUSDT) 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

IDEX will takeout the May 5 peak

IDEX will drop below the March 11 low

IDEX will stay in a trading range between the March 11 low and the May 5 peak until July 11