Crypto Contest May 25: Linear Finance

Linear Finance (CRYPTO: LINAUSD) 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, LINA began a red wave one advance on March 11. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 6 and the red wave two (blue sub-waves a-b-c) correction ended on May 11. If this wave count is correct, LINA should be heading next towards the April 6 peak in the red wave three.

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

Funnymentals

Linear Finance is a cross-chain compatible, delta-one asset protocol. You can watch their intro video below.

(Sources: https://linear.finance/)

How Will Linear Finance Trade?

Linear Finance (CRYPTO: LINAUSD) daily 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

LINA will takeout the April 6 peak

LINA will drop below the March 11 low

LINA will stay in a trading range between the March 11 low and the April 6 peak until June 30

Posted Using LeoFinance Alpha