Crypto Contest October 18: GoChain

GoChain (GOBTC) 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, GoChain began a wave one advance on June 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 10, and the red wave two (blue sub-waves a-b-c) correction ended on August 14. If this wave count is correct, GoChain should be heading next towards the July 10 peak in the red wave three.

(Chart courtesy of CoinMarketCap.com)

Funnymentals

GoChain is a scalable, Ethereum based smart contract blockchain that is fast, secure and green. Dbcrypto interviewed the CEO last month.

(Sources: https://gochain.io/ 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 July 9 (USD 0.12) 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 August 14 low (USD 0.02)".

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 August 14 (USD 0.02) low and the July 10 (USD 0.12) peak until November 22".

(Chart courtesy of CoinMarketCap.com)

You can upvote the comment until 3 PM EST October 21 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) 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.