Crypto Contest January 1: GameCredits
GameCredits has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe GameCredits has completed one cycle from the January 22, 2016 low in the daily chart. The five wave advance finished on December 6, 2016, and the three wave correction ended on December 23, 2016. If this wave count is correct, GameCredits should be heading next towards the December 6, 2016 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, GameCredits is currently most likely in the wave three (sub-wave iii). The wave one started in December 2014, and finished in August 2015. The wave two correction ended on January 22, 2016.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long GameCredits.
If you think this analysis is correct, upvote this post and upvote the comment "GameCredits will takeout the December 6, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "GameCredits will drop below the December 23, 2016 low".
If you think GameCredits is in a range, upvote this post and upvote the comment "GameCredits will stay in a trading range between the December 6, 2016 low and the December 23, 2016 peak until January 29".
You can upvote the comment until 3 PM EST January 2 and you can upvote only one comment. 200% of Steem (2 X 1.920 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
GameCredits will stay in a trading range between the December 6, 2016 low and the December 23, 2016 peak until January 29 (5 voters as of 3 PM EST January 2: otisbrown, bleujay, yefet, jamesbrown, jahtech).
Stay in trading range
You won.
GameCredits will drop below the December 23, 2016 low (3 voters as of 3 PM EST January 2: me-tarzan, twinner, feelinggood).
GameCredits will takeout the December 6, 2016 peak (4 voters as of 3 PM EST January 2: gregory-f, spinbunny, anotherjoe, michaelcorleone).
This post has been ranked within the top 50 most undervalued posts in the second half of Jan 01. We estimate that this post is undervalued by $7.27 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 01 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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