Crypto Contest May 18: Anchor Protocol

Anchor Protocol (Binance: ANCUSDT) 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, ANC began a red wave one advance on May 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 14 and the red wave two (blue sub-waves a-b-c) correction ended on May 16. If this wave count is correct, ANC should be heading next towards the May 14 peak in the red wave three.

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

Funnymentals

Anchor Protocol is a lending and borrowing protocol offering up to 19.5% yield on stablecoin deposits. Exodus explained the latest news surrounding the protocol four days ago.

(Sources: https://app.anchorprotocol.com/)

How Will Anchor Protocol Trade?

Anchor Protocol (Binance: ANCUSDT) 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.

ANC will takeout the May 14 peak

ANC will drop below the May 13 low

ANC will stay in a trading range between the May 13 low and the May 14 peak until June 24