Crypto Contest May 26: SmarDex

SmarDex (CRYPTO: SDEXUSD) 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, SDEX began a red wave one advance on May 12. The red wave one peaked on May 14 and the red wave two correction ended on May 17. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on May 19 and the red wave four (blue sub-waves a-b-c) correction ended on May 22. If this wave count is correct, SDEX should be heading next towards the May 19 peak in the red wave five.

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

Funnymentals

SmarDex is the "1st DEX" with a real solution to impermanent loss. You can watch their teaser video below.

(Sources: https://smardex.io/)

How Will SmarDex Trade?

SmarDex (CRYPTO: SDEXUSD) 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

SDEX will takeout the May 19 peak

SDEX will drop below the May 12 low

SDEX will stay in a trading range between the May 12 low and the May 19 peak until July 1