Cryptocurrencies

Crypto Contest March 16: GoChain

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”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “GoChain will drop below the February 2019 low”.

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))

You can upvote the comment until 3 PM EST March 19 and you can upvote only one comment. 50% of liquid STEEM + 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 1

I will be sending one Trophy Token (@trophy-token) or one Steem Monsters (@steemmonsters) card 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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.

Related posts

Crypto Contest March 27: Circuits Of Value

Markus Aarnio

Litecoin Price Analysis – Let the Retest Commence!

scaredycatguide

The Bitcoin Chart Scares Me With Some Deja-Vu

scaredycatguide

Get involved!

Comments

No comments yet
Skip to toolbar