Crypto Contest September 27: SONM

Crypto Contest September 27: SONM

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SONM (Binance: SNMUSD) 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, SONM began a wave one advance on September 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 22, and the red wave two (blue sub-waves a-b-c) correction ended on September 24. If this wave count is correct, SONM should be heading next towards the September 22 peak in the red wave three.

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

Funnymentals

SONM is a decentralized fog computing platform. You can read their latest blog post here.

(Sources: https://sonm.com/)

How Will SONM Trade?

SONM (Binance: SNMUSD) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

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• SONM will takeout the September 22 peak

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• SONM will drop below the September 16 low

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• SONM will stay in a trading range between the September 16 low and the September 22 peak until November 2

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Answer the question at dpoll.xyz.