Gridcoin Research has broken out of the triangle pattern in the two-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Gridcoin Research began a wave one advance on May 2. The wave one finished on May 6, and the wave two correction ended on May 9. The wave three advance finished on May 10, and the wave four correction could have ended today. If this wave count is correct, Gridcoin Research should be heading next towards the May 10 peak.
(Chart courtesy of Tradingview.com)
Looking at the daily chart, I believe Gridcoin Research is currently in the wave three (sub-wave v).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Gridcoin Research will takeout the May 10 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Gridcoin Research will drop below the May 2 low".
If you think Gridcoin Research is in a range, upvote this post and upvote the comment "Gridcoin Research will stay in a trading range between the May 2 low and the May 10 peak until June 12".
You can upvote the comment until 3 PM EST May 18 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.