Crypto Contest March 16: GoChain

GoChain (Binance: GOBTC) 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, GoChain began a wave one advance on October 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 12, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 20 this year. If this wave count is correct, GoChain should be heading next towards the November 2018 peak in the red wave three.

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

Funnymentals

GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports

About the author: Markus Aarnio

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