Crypto Contest June 19: Lybra Finance

Lybra Finance (Uniswap: LBRUSD) 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, LBR began a red wave one advance on May 8. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 29 and the red wave two (blue sub-waves a-b-c) correction ended on June 14. If this wave count is correct, LBR should be heading next towards the May 29 peak in the red wave three.

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

Funnymentals

The protocol's primary objective is to provide the cryptocurrency industry with a safer, more decentralized stablecoin, eUSD, which offers stable interest to its token holders. Blockchain Daily reviewed the project two weeks ago.

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

How Will Lybra Finance Trade?

Lybra Finance (Uniswap: LBRUSD) 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

LBR will takeout the May 29 peak

LBR will drop below the May 8 low

LBR will stay in a trading range between the May 8 low and the May 29 peak until July 25

Posted Using LeoFinance Alpha