Crypto Contest October 16: Golos

Golos (GOLOSUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Golos began a wave one advance on March 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 25, and the red wave two (blue sub-waves a-b-c) ended on September 15. If this wave count is correct, Golos should be heading next towards the August 25 peak in the red wave three.

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

One can see the waves even better in the line chart.

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

If you think this analysis is correct, upvote this post and upvote the comment "Golos will takeout the August 25 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Golos will drop below the September 15 low".

If you think Golos is in a range, upvote this post and upvote the comment "Golos will stay in a trading range between the September 15 low and the August 25 peak until November 16".

You can upvote the comment until 3 PM EST October 17 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).