Crypto Contest September 15: UMA

UMA (Poloniex: UMAUSDT) 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, UMA began a red wave one advance on May 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on September 5. If this wave count is correct, UMA should be heading next towards the September 1 peak in the red wave three. (Chart courtesy of Coinmarketcap.com (log scale))

Funnymentals

UMA is a decentralized financial contracts platform built to enable Universal Market Access—UMA. Coin Bureau reviewed the project earlier this month.

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

How Will UMA Trade?

UMA (Poloniex: UMAUSDT) 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.

UMA will takeout the September 1 peak

UMA will drop below the August 21 low

UMA will stay in a trading range between the August 21 low and the September 1 peak until October 21

Posted Using LeoFinance