NXM (Binance: WNXMUSDT) 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, WNXM began a red wave one advance on September 5. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 14, and the red wave two (blue sub-waves a-b-c) correction ended on September 16. If this wave count is correct, WNXM should be heading next towards the September 14 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe NXM is currently in the red wave three (blue sub-wave iii). The red wave three began on September 5.
(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
Nexus Mutual uses Ethereum so that people can pool risk together without the need for an insurance company. You can read their latest update here.
(Sources: https://nexusmutual.io/)
How Will NXM Trade?
NXM (Binance: WNXMUSDT) 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.
WNXM will takeout the August 30 peak
WNXM will drop below the September 5 low
WNXM will stay in a trading range between the September 5 low and the August 30 peak until October 24
