Crypto Contest March 2: Merit Circle

Merit Circle (Binance: MCUSDT) 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, MC began a red wave one advance on January 24. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 10 and the red wave two (blue sub-waves a-b-c) correction ended on February 24. If this wave count is correct, MC should be heading next towards the February 10 peak in the red wave three.

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

Funnymentals

Merit circle is creating a DAO that develops opportunities to earn through play for people who want to help build the metaverse. mrmasa reviewed the project one month ago.

(Sources: https://meritcircle.io/)

How Will Merit Circle Trade?

Merit Circle (Binance: MCUSDT) 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.

MC will takeout the February 10 peak

MC will drop below the January 24 low

MC will stay in a trading range between the January 24 low and the February 10 peak until April 9