Crypto Contest January 8: ParkinGo
ParkinGo (Bitfinex: GOTUSD) 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, ParkinGo began a wave one advance on October 28, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 13, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 7 this year. If this wave count is correct, ParkinGo should be heading next towards the November 13, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe ParkinGo is currently in the red wave three (blue sub-wave iii). The red wave three began on October 28, 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ParkinGo will takeout $1.00".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ParkinGo will drop below $0.50".
If you think ParkinGo is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ParkinGo will stay in a trading range between $0.50 and $1.00 until February 12".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 11 and you can upvote only one comment. 50% of liquid STEEM + 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 1
I will be sending one Trophy Token (@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.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Published by Maarnio
on
ParkinGo will takeout $1.00 (7 voters as of 3 PM EST January 11: bleujay, bentleycapital, steemquestions, freiheit50, allyouneedtoknow, crokkon, sporttr).
ParkinGo will stay in a trading range between $0.50 and $1.00 until February 12 (12 voters as of 3 PM EST January 11: abh12345, gregory-f, mellofello, diana.feuerberg, toofasteddie, reconnectnature, steem-d-anlovnit, jznsamuel, fullcoverbetting, mgood, kunschj, richard78624).
ParkinGo will drop below $0.50 (7 voters as of 3 PM EST January 11: sqlinsix, steemit.nemesis, skepticology, vicspics, barbadosso, lydon.sipe, galasek).
You won. Paid out from @maarnio1
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