Crypto Contest November 30: 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 on October 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 1, and the red wave two (blue sub-waves a-b-c) correction ended on November 12. If this wave count is correct, Groestlcoin should be heading next towards the November 1 peak in the red wave three.

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

Looking at the weekly line chart, I believe Groestlcoin is currently in the red wave five (blue sub-wave iii). The red wave five began on October 21.

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

Funnymentals

Here is an introduction video of Groestlcoin done by Psych IRL and released on November 13.

(Source: YouTube)

If you think this analysis is correct, upvote this post and upvote the comment "Groestlcoin will takeout the November 1 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Groestlcoin will drop below the October 21 low".

If you think Groestlcoin is in a range, upvote this post and upvote the comment "Groestlcoin will stay in a trading range between the October 21 low and the November 1 peak until December 31".

You can upvote the comment until 3 PM EST December 1 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).