Loopring (Binance: LRCBTC) has broken out of the triangle pattern in the daily chart.
https://i.postimg.cc/RZ53pf8t/nimet-n.png
(Chart courtesy of Tradingview.com (log scale))

**Elliott Wave Analysis**

In Elliott Wave terms, LRC began a wave one advance on January 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 10, and the red wave two (blue sub-waves a-b-c) correction ended on April 14. If this wave count is correct, LRC should be heading next towards the March 10 peak in the red wave three.
https://i.postimg.cc/8cbZjDqk/nimet-n2.png
(Chart courtesy of Tradingview.com (log scale))

**Funnymentals**

Loopring is an open protocol for scalable orderbook DEXs on Ethereum using zkRollup. Defipicks [reviewed](http://defipicks.com/2020/04/16/loopring-3-0-review-zksnarks-staking-interview/) the project on April 16.
https://i.postimg.cc/Rh1QdHxQ/nimet-n4.png
(Sources: https://loopring.org/#/)



**How Will Loopring Trade?**

Loopring (Binance: LRCBTC) daily chart by Tradingview.
https://i.postimg.cc/4N1tLcmn/nimet-n3.png
(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.

LRC will takeout the March peak

LRC will drop below the January low

LRC will stay in a trading range between the January low and the March peak until May 23

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