Crypto Contest May 14: LoopNetwork

LoopNetwork (PancakeSwap: LOOPUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com)

Elliott Wave Analysis

In Elliott Wave terms, LOOP began a red wave one advance on January 31. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 23 and the red wave two (blue sub-waves a-b-c) correction ended on May 12. If this wave count is correct, LOOP should be heading next towards the March 23 peak in the red wave three.

(Chart courtesy of Tradingview.com)

Funnymentals

LoopNetwork is a super scalable blockchain and a powerful DeFi platform. AJC reviewed the project two months ago.

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

How Will LoopNetwork Trade?

LoopNetwork (PancakeSwap: LOOPUSD) daily chart by Tradingview.

(Chart courtesy of Tradingview.com)

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.

LOOP will takeout the March 23 peak

LOOP will drop below the January 31 low

LOOP will stay in a trading range between the January 31 low and the March 23 peak until June 20