Crypto Contest March 4: Mango

Mango (Kraken: MNGOUSD) 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, MNGO began a red wave one advance on February 3. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 16 and the red wave two (blue sub-waves a-b-c) correction ended on February 24. If this wave count is correct, MNGO should be heading next towards the February 16 peak in the red wave three.

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

Funnymentals

Mango intends to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end user than both currently provide. LiteLiger reviewed the project last year.

(Sources: https://www.mango.markets/)

How Will Mango Trade?

Mango (Kraken: MNGOUSD) 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.

MNGO will takeout the February 16 peak

MNGO will drop below the February 3 low

MNGO will stay in a trading range between the February 3 low and the February 16 peak until April 11