Gridcoin Research has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Gridcoin Research began a wave one advance on March 5. The wave one (sub-waves i-v) finished on April 15, and the wave two (sub-waves abc) correction ended on May 2. If this wave count is correct, Gridcoin Research should be heading next towards the April 15 peak in the wave three.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe Gridcoin Research is currently in the wave three. The wave one began in July 2015, and finished in March 2016. The wave two correction ended on March 5 this year.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Gridcoin Research will takeout the April 15 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Gridcoin Research will drop below the March 5 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 March 5 low and the April 15 peak until June 4".
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