Crypto Contest April 4: Groestlcoin

Groestlcoin (GRSUSD) 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, Groestlcoin began a wave one advance in August, 2015. The wave one finished in July 2016, and the wave two correction ended in January 2017. The wave three advance finished on January 5 this year, and the wave four correction ended on March 30. If this wave count is correct, Groestlcoin should be heading next towards the January 5 peak in the red wave five.

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

Funnymentals

Groestlcoin (GRS) is a fast and secure coin with almost zero fees and anonymous transactions. You can view the official promo video below.

(Sources: https://www.groestlcoin.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Groestlcoin will takeout the January 5 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Groestlcoin will drop below the March 30 low".

If you think Groestlcoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Groestlcoin will stay in a trading range between the March 30 low and the January 5 peak until May 10".

You can upvote the comment until 3 PM EST April 7 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.