Subsquid (Bybit: SQDUSDT) has broken out of the triangle pattern in the four-hour chart.
https://i.postimg.cc/N0j8Jy3d/Nimet-n.png
(Chart courtesy of Tradingview.com(log scale))

**Elliott Wave Analysis**

In Elliott Wave terms, SQD began a red wave one advance on May 17. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 17 and the red wave two (blue sub-waves a-b-c) correction ended on May 21. If this wave count is correct, SQD should be heading next towards the May 17 peak in the red wave three.
https://i.postimg.cc/Kznn4nBv/nimet-n2.png
(Chart courtesy of Tradingview.com(log scale))

**Funnymentals**

Subsquid Network is an innovative decentralized data lake and query engine designed to offer developers performant and permissionless access to data, aiming to build a neutral and open internet rooted in Web3 principles. Alt Crypto Gems reviewed the project four months ago.
https://youtu.be/IYtQ-rPnpzU?si=j9_fNIXzuc7k0UNm

(Sources: https://subsquid.io)

**How Will Subsquid Trade?**

Subsquid (Bybit: SQDUSDT) four-hour chart by Tradingview.
https://i.postimg.cc/d35smmf9/nimet-n3.png
(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

SQD will takeout the May 17 peak

SQD will drop below the May 17 low

SQD will stay in a trading range between the May 17 low and the May 17 peak until July 2

Posted Using [InLeo Alpha](https://inleo.io/@maarnio/crypto-contest-may-27-subsquid)