GoChain (Binance: GOBTC) 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, GoChain began a wave one advance on October 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 12, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 20 this year. If this wave count is correct, GoChain should be heading next towards the November 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications. You can watch an interview with the CEO and CTO below.
(Sources: GoChain and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “GoChain will takeout the November 2018 peak”.
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If you think GoChain is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “GoChain will stay in a trading range between the February 2019 low and the November 2018 peak until April 20”.
(Chart courtesy of Tradingview.com (log scale))
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