Crypto Contest April 20: RAI Finance

RAI Finance (Bithumb: RAIKRW) 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, RAI began a red wave one advance on April 6. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 7 and the red wave two (blue sub-waves a-b-c) correction ended on April 20. If this wave count is correct, RAI should be heading next towards the April 7 peak in the red wave three.

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

Funnymentals

RAI Finance is a protocol designed to provide DeFi with a wider range of assets, a higher amount of liquidity, and a diverse set of financial use cases. You can watch their demo below.

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

How Will RAI Finance Trade?

RAI Finance (Bithumb: RAIKRW) four-hour 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.

RAI will takeout the April 7 peak

RAI will drop below the April 6 low

RAI will stay in a trading range between the April 6 low and the April 7 peak until May 27