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 March 5. The wave one (sub-waves i-v) finished on June 11, and the wave two (sub-waves a-b-c) correction ended on July 11. If this wave count is correct, Gridcoin should be heading next towards the June 11 peak 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 March 5 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 March 5 low and the June 11 peak until August 24".
You can upvote the comment until 3 PM EST July 25 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.