GridCoin (Bittrex: GRCUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, GridCoin began a wave one (blue sub-waves i-ii-iii-iv-v) advance in April 2015. The red wave one finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in January this year. If this wave count is correct, GridCoin should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Gridcoin is a cryptocurrency which rewards verified BOINC computation. @parejan published the latest weekly report yesterday (link).
(Sources: GridCoin and Steemit)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “GridCoin will takeout the September 2018 peak”.
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “GridCoin will drop below the January 2019 low”.
If you think GridCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “GridCoin will stay in a trading range between the January 2019 low and the September 2018 peak until May 14”.
(Chart courtesy of Tradingview.com (log scale))
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