Crypto Contest June 25: Linear Finance

Linear Finance (Binance: LINAUSDT) 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, LINA began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 8 and the red wave two (blue sub-waves a-b-c) correction ended on June 18. If this wave count is correct, LINA should be heading next towards the June 8 peak in the red wave three.

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

Funnymentals

Linear is a decentralized delta-one asset protocol capable of instantly creating synthetic assets with unlimited liquidity. reed sct reviewed the project three months ago.

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

How Will Linear Finance Trade?

Linear Finance (Binance: LINAUSDT) 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.

LINA will takeout the June 8 peak

LINA will drop below the May 12 low

LINA will stay in a trading range between the May 12 low and the June 8 peak until August 1