Crypto Contest February 20: Golos

Golos (GOLOSUSD) 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, Golos began a wave one advance on September 15, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Golos should be heading next towards the January 7 peak in the red wave three.

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

Looking at the weekly chart, I believe Golos is currently in the red wave three (blue sub-wave iii). The red wave three began on September 15, 2017.

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

Funnymentals

Golos is a Russian version (hard fork) of Steemit. Golos has currently more than 100,000 accounts. You can find the most recent stats at jang's blog.

(Sources: https://golos.io/ and Jang's blog)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golos will takeout the January 7 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golos will drop below the September 15, 2017 low".

If you think Golos is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golos will stay in a trading range between the September 15, 2017 low and the January 7 peak until March 23".

You can upvote the comment until 3 PM EST February 21 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus

I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.