DMM Governance Token (OKEx: DMGUSDT) 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, DMG began a red wave one advance on July 20. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 22, and the red wave two (blue sub-waves a-b-c) correction ended on July 28. If this wave count is correct, DMG should be heading next towards the July 22 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
DMM Governance is a DeFi money market DAO. You can watch their latest AMA here.
(Sources: https://defimoneymarket.com/)
How Will DMM Governance Token Trade?
DMM Governance Token (OKEx: DMGUSDT) 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.
DMG will takeout the July 22 peak
DMG will drop below the July 20 low
DMG will stay in a trading range between the July 20 low and the July 22 peak until September 3
