Crypto Contest June 9: Dynex

Dynex (MEXC: DNXUSDT) 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, DNX began a red wave one advance on June 6. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 7 and the red wave two (blue sub-waves a-b-c) correction ended on June 8. If this wave count is correct, DNX should be heading next towards the June 7 peak in the red wave three.

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

Funnymentals

Dynex is a next-generation platform for neuromorphic computing based on a new flexible blockchain protocol using DynexSolve PoUW. Son of a Tech interviewed the Chief Architect of Dynex one month ago.

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

How Will Dynex Trade?

Dynex (MEXC: DNXUSDT) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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

DNX will takeout the June 7 peak

DNX will drop below the June 6 low

DNX will stay in a trading range between the June 6 low and the June 7 peak until July 15

Posted Using LeoFinance Alpha