Crypto Contest October 15: GravitX

GravitX (PancakeSwap: GRXUSD) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

Elliott Wave Analysis

In Elliott Wave terms, GRX began a red wave one advance on September 22. The red wave one peaked on October 6 and the red wave two correction ended on October 6. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on October 11 and the red wave four (blue sub-waves a-b-c) correction ended on October 15. If this wave count is correct, GRX should be heading next towards the October 11 peak in the red wave five.

(Chart courtesy of Tradingview.com)

Funnymentals

GravitX is an elastic supply token built on the Binance Smart Chain. The token is designed to rise in price by a minimum of 12% every 8 hours through rebasing. CRYPTO LADY reviewed the project two weeks ago.

(Sources: https://gravitx.space/)

How Will GravitX Trade?

GravitX (PancakeSwap: GRXUSD) daily chart by Tradingview.

(Chart courtesy of Tradingview.com)

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.

GRX will takeout the October 11 peak

GRX will drop below the September 22 low

GRX will stay in a trading range between the September 22 low and the October 11 peak until November 22