Crypto Contest March 12: Groestlcoin

Groestlcoin (Bittrex: GRSUSD) has broken out of the wedge pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Groestlcoin began a wave one advance in August 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, Groestlcoin should be heading next towards the December 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Groestlcoin is a fast and secure coin with almost zero fees, that is privacy oriented. KnockoutCrypto covered the latest

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.