Crypto Contest Of The Day: GameCredits
GameCredits has broken out of the pennant pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe GameCredits is currently in the wave five in the daily chart. The wave one started on May 27, and finished on June 29. The wave two correction ended on July 5, and the wave three advance finished on July 15. The wave four correction ended on August 8.
(Chart courtesy of Tradingview.com)
Zooming out in the daily chart, GameCredits is most likely in the wave three (sub-wave iii). The wave one started in June 2015, and finished in August 2015. The wave two correction ended in January 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 July 15 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "GameCredits will drop below the August 8 low".
You can upvote the comment until 3 PM EST October 16 and you can upvote only one comment. 100% of Steem (0.035 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
GameCredits will takeout the July 15 peak (2 voters as of 3 PM EST October 16: twinner, bleujay).
GameCredits will drop below the August 8 low (2 voters as of 3 PM EST October 16: bola, yefet).
I think the July 15 peak was too high to overcome it in the nearest couple of weeks
https://steemit.com/cryptocurrency/@maarnio/crypto-of-the-day-1credit
Let's see. 1CRedit just took its September peak today.
I think steems worth as gone up today slightly. Good report upvoted.
Steem is still holding above the October 12 lows. Let's see if it can bounce from here.
Follow for follow like for like?
Sure. Please remember to cast your vote for the contest.
Great report.
Thank you.