Crypto Contest May 9: Gridcoin Research
Gridcoin Research has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Gridcoin Research began a wave one advance on March 5. The wave one (sub-waves i-v) finished on April 15, and the wave two (sub-waves abc) correction ended on May 2. If this wave count is correct, Gridcoin Research should be heading next towards the April 15 peak in the wave three.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe Gridcoin Research is currently in the wave three. The wave one began in July 2015, and finished in March 2016. The wave two correction ended on March 5 this year.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Gridcoin Research will takeout the April 15 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Gridcoin Research will drop below the March 5 low".
If you think Gridcoin Research is in a range, upvote this post and upvote the comment "Gridcoin Research will stay in a trading range between the March 5 low and the April 15 peak until June 4".
You can upvote the comment until 3 PM EST May 10 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.
Gridcoin Research will takeout the April 15 peak (10 voters as of 2 PM EST May 10: vortac, otisbrown, gregory-f, cm-steem, anotherjoe, eirik, avarice, mirda, coolthings, onlypuzzles).
Moon!
Yep!
Woo! :D
It is starting to look like a wave three in progress.
Time for a new thread? :D
You won.
Gridcoin Research will drop below the March 5 low.
Gridcoin Research will stay in a trading range between the March 5 low and the April 15 peak until June 4.
Thank you for posting @maarnio.
Appreciate the rewards.
All the best. Cheers.
Thank you bleujay. Just glad that you like it.
This post has been ranked within the top 50 most undervalued posts in the second half of May 09. We estimate that this post is undervalued by $10.03 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 09 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Screenname. How can we chat sometime?