Crypto Contest September 17: DerivaDAO

DerivaDAO (Uniswap: DDXUSDC) 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, DDX began a red wave one advance on July 19. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 31 and the red wave two (blue sub-waves a-b-c) correction ended on September 9. If this wave count is correct, DDX should be heading next towards the August 31 peak in the red wave three.

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

Funnymentals

DDX is the native token that is used for governance on the DerivaDEX exchange, fee reduction on the exchange, and for other programs. The Brutal Investor reviewed the project earlier this month.

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

How Will DerivaDAO Trade?

DerivaDAO (Uniswap: DDXUSDC) 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.

DDX will takeout the August 31 peak

DDX will drop below the July 19 low

DDX will stay in a trading range between the July 19 low and the August 31 peak until October 24