Gridcoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Gridcoin began a wave one advance on May 27. The wave one finished on May 29, and the wave two correction ended on May 31. The wave three advance finished on June 11, and the wave four correction ended on June 12. If this wave count is correct, Gridcoin should be heading next towards the June 11 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the daily chart, I believe Gridcoin is currently in the wave three.
(Chart courtesy of Tradingview.com)
At the weekly chart, Gridcoin is also currently most likely in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Gridcoin will takeout the June 11 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Gridcoin will drop below the May 31 low".
If you think Gridcoin is in a range, upvote this post and upvote the comment "Gridcoin will stay in a trading range between the May 31 low and the June 11 peak until July 18".
You can upvote the comment until 3 PM EST June 19 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Gridcoin will takeout the June 11 peak (33 voters as of 3 PM EST June 19: vortac, bleujay, cm-steem, coinmaker, otisbrown, gregory-f, simonjay, yefet, jocra, kooshikoo, tuvokhl, soundmoney, abh12345, ikilledcobain (did not vote main post), koskl, cassidyandfranks, eirik, timoshey, sc-steemit, daniel.dalo, starline, jznsamuel, scalextrix, shango, mirda, dirty.hera, damla, skririm, poppy.poppers, pinagpala, mprgrmmr, acid78, sevinwilson).
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It will. But Gridcoin tops every coin, whatever the price is!
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Looks like we are on our way to winning some SBD, lets hope the prices keep goin' up :)
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Easiest SBD ever :)
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Haha, tell me about it! ;D
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Thank you for re-steeming.
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Trading Tweets
@petersinguili, @WolfOfPoloniex, @crypto_obs, @artemalutin, @CavemanCrypto, @PrimitiveAI, @tilikumboy.
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count me in :)
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i mean, for the opinion.. i know the contest is over :))
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Ok. I will.
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Gridcoin will stay in a trading range between the May 31 low and the June 11 peak until July 18 (12 voters as of 3 PM EST June 19: twinner, spinbunny, avarice, coolthings, jringo, ragnaros, flemingfarm, stay9n0, dtbahoney, dutch, cosmicfontaint, imvictus, timoshey).
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Status quo! Status quo! (I just want to get some more on the cheap, lol)
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I'm not sure I agree that triangle patterns can be applied to, or work in analyzing such a new coin, but it's possible. Maybe if you're just wanting to try and get in in a dip. I get too much anxiety looking at coins in such short term. If I do my due diligence in researching a coin, I want to get excited enough to not care if I buy on a dip or peak....I want the coin regardless for the long haul. I feel this way about GRC! :)
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Gridcoin will drop below the May 31 low (3 voters as of 3 PM EST June 19: me-tarzan, andy23, lig007).
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You won.
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Thank you for posting @maarnio.
Appreciate the contests and the winnings.
All the best to you. Cheers.
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Thank you bleujay. Thank you for participating. It is good to have some regulars like you.
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Woah! Will definitely look into Gridcoin. Thanks for sharing @maarnio
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Gridcoin will takeout the June 11 peak, followed you as well
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Thank you. I will follow you back.
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hey maarnio.. loved ur post again check out mine https://steemit.com/cryptocurrency/@danlupi/bitcoin-bubble-or-are-we-in-the-next-evolution
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Thanks danlupi.
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Gridcoin will takeout the June 11 peak
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Gridcoin will takeout the June 11 peak
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Hi! We are @valhalla-hash nice to meet you. Such interesting topic, seems that you are into a crypto, lets follow each other and build better crypto comunity!
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Nice to meet you valhalla-hash. I will follow you.
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Thank you we will do the same :-D
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This post has been ranked within the top 80 most undervalued posts in the first half of Jun 18. We estimate that this post is undervalued by $13.96 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 18 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
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Gooid
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Thank you @maarnio !
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Thank you for commenting oksanasemenova.
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