Crypto Contest May 26: Mercurial Finance

Mercurial Finance (FTX: MERUSD) 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, MER began a red wave one advance on May 21. The red wave one peaked on May 21 and the red wave two (blue sub-waves a-b-c) correction ended on May 25. If this wave count is correct, MER should be heading next towards the May 21 peak in the red wave three.

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

Funnymentals

Mercurial Finance is building infrastructure for stables on Solana. Boxmining Clips reviewed the project earlier this month.

(Sources: https://www.mercurial.finance/)

How Will Mercurial Finance Trade?

Mercurial Finance (FTX: MERUSD) daily 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.

MER will takeout the May 21 peak

MER will drop below the May 21 low

MER will stay in a trading range between the May 21 low and the May 21 peak until July 2