Crypto Contest July 10: NFTX

NFTX (Uniswap: NFTXWETH) 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, NFTX began a red wave one advance on January 5. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 16 and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, NFTX should be heading next towards the February 16 peak in the red wave three.

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

Funnymentals

NFTX is a community-owned protocol and platform for creating non-fungible token (NFT)-backed ERC-20 tokens. Bodega Eats reviewed the platform few hours ago.

(Sources: https://nftx.org/)

How Will NFTX Trade?

NFTX (Uniswap: NFTXWETH) daily 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 and comment below.

NFTX will takeout the February 16 peak

NFTX will drop below the January 5 low

NFTX will stay in a trading range between the January 5 low and the February 16 peak until August 16