Crypto Contest May 4: Golem
Golem has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Golem began a wave one advance on April 12. The wave one finished on April 19, and the wave two correction ended on April 20. The wave three advance finished on April 30, and the wave four correction ended on May 1. If this wave count is correct, Golem should be heading next towards the April 30 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Golem will takeout the April 30 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Golem will drop below the April 19 low".
If you think Golem is in a range, upvote this post and upvote the comment "Golem will stay in a trading range between the April 19 low and the April 30 peak until May 30".
You can upvote the comment until 3 PM EST May 5 and you can upvote only one comment. 200% of 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.
Golem will takeout the April 30 peak (13 voters as of 3 PM EST May 5: otisbrown, bleujay twinner, simonjay, allyouneedtoknow, kooshikoo, yefet, sevinwilson, soundmoney, cassidyandfranks, mirda, eirik, geocurt).
maarnio - did I do this correctly?
Yes. Let's see which way it wants to go.
Never bet against GNT. This is one of my largest and absolutely my best holding outside of BTC.
A lot can happen until May 30. I think it will take over the peak!
You won.
Golem will stay in a trading range between the April 19 low and the April 30 peak until May 30 (1 voter as of 3 PM EST May 5: spinbunny).
Golem will drop below the April 19 low (2 voters as of 3 PM EST May 5: avarice, coolthings).
This. Why would I pay for computation that I can effectively get for free through BOINC & Gridcoin?