Crypto Contest March 3: Golem

Golem (Bittrex: GNTUSD) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, GNT began a wave one advance on January 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 22, and the red wave two correction ended on January 24. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on February 15, and the red wave four (blue sub-waves a-b-c) correction ended on February 26. If this wave count is correct, GNT should be heading next towards the February 15 peak in the red wave five.

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

Funnymentals

Golem is a peer-to-peer decentralized marketplace for computing power. Coin Bureau reviewed the project back in August 2019.

(Sources: https://golem.network/)

How Will Golem Trade?

Golem (Bittrex: GNTUSD) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

GNT will takeout the February 15 peak

GNT will drop below the January 10 low

GNT will stay in a trading range between the January 10 low and the February 15 peak until April 6

Posted via Steemleo