GRIDCOIN forming a CUP & HANDLE?

Guys, it is really amazing how BITCOIN is growing these days. There is not even a single sign of exhaustion and FIAT is entering to the coinmarket at a frenetic pace.

It is going to be very interesting as well how BITCOIN is going to be transferred on our altcoins soon.

I used to give my Elliot-waves counts regarding some of my favorits projects as BITSHARES or EOS, trying to alert you in what I think is a good trading signal, but now I would like to focus your attention in another Excepcional Project which current performance is outstanding nowadays, GRIDCOIN.

Let's have a look to the Weekly chart (GRC/USD), just to get an ''historical" position:

Let's try to draw a few Elliot waves tentatively, in order to see where we are:

According to this weekly chart, GRIDCOIN just started the 5th-wave of a cycle which started by mid-2016. If the theory is not wrong and of course, if I'm counting well (the 4th wave is finishing at the limit of the count validity), this bullish wave should bring us higher that GRIDCOIN's All-Time-Highs...

Let's have a closer look to the 1day-chart:

Now let me try to recognise some patterns:

Yeah! it seems that has broke the upper resistance of a triangular as drawn in the chart, already completing the 1st and 2nd waves ((1)&(2) in dark blue) and flying up to complete the 3rd!!!

Even more, have you heard about the CUP and HANDLE pattern?

Let's apply the theory to the chart:

Under this scenario we may state:

• GRIDCOIN is starting the 5th wave of a ''major'' cycle (According to the weekly chart) started on mid-2016
• GRIDCOIN has broke the triangular pattern in the daily chart, completing 2 waves and forming the third wave.
• The current bullish subcyle (acc. to the dayly chart) would bring us to see GRIDCOIN price reaching 0.1 USD (40% more)
• If this subcycle completes as expected, a CUP pattern will be formed, the correction subcycle (abc in red)
  will trace a HANDLE which possibly trigger a next 5 waves bullish cycles with a mid-term target of not less than 0.18 USD, marked by the depth of the CUP which represents

  140% more

  .

... If I managed to attract your attention till now, it could happen that you just started to believe that GRIDCOIN could be a good altcoin for investing on... but, let me convince you, please have a look to this post ''Why I'm not mining anymore but BOINCing instead'' and let me know if you have any doubt.

*If you are thinking on Mining some cryptos with your computer, bear in mind that there is one choice that will give you not only money but also moral satisfaction.

Keep on BOINCing!!

@toofasteddie