Crypto Contest May 29: Liquity

Liquity (Binance: LQTYUSDT) 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, LQTY began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 16 and the red wave two (blue sub-waves a-b-c) correction ended on May 24. If this wave count is correct, LQTY should be heading next towards the May 16 peak in the red wave three.

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

Funnymentals

Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. My Crypto Journal reviewed the project two months ago.

(Sources: https://www.liquity.org/)

How Will Liquity Trade?

Liquity (Binance: LQTYUSDT) 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

LQTY will takeout the May 16 peak

LQTY will drop below the May 12 low

LQTY will stay in a trading range between the May 12 low and the May 16 peak until July 4