Golem (GNTUSD) 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, Golem began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 2 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Golem should be heading next towards the January 2 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Golem is currently in the red wave three (blue sub-wave iii). The red wave three began on November 12, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Golem is Airbnb for computers. Here is the official introduction video.
(Sources: https://golem.network/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golem will takeout the January 2 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golem will drop below the November 12, 2017 low".
If you think Golem is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golem will stay in a trading range between the November 12, 2017 low and the January 2 peak until April 7".
You can upvote the comment until 3 PM EST March 5 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).
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