Crypto Contest March 2: Golem

Golem (GNTUSD) 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, Golem began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 2 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Golem should be heading next towards the January 2 peak in the red wave three.

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

Looking at the weekly chart, I believe Golem is currently in the red wave three (blue sub-wave iii). The red wave three began on November 12, 2017.

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

Funnymentals

Golem is Airbnb for computers. Here is the official introduction video.

(Sources: https://golem.network/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golem will takeout the January 2 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golem will drop below the November 12, 2017 low".

If you think Golem is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golem will stay in a trading range between the November 12, 2017 low and the January 2 peak until April 7".

You can upvote the comment until 3 PM EST March 5 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 (@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.