Crypto Contest July 8: GXChain

GXChain (Binance: GXSBTC) 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, GXS began a wave one advance on May 30. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 10, and the red wave two (blue sub-waves a-b-c) correction ended on June 27. If this wave count is correct, GXS should be heading next towards the June 10 peak in the red wave three.

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

Funnymentals

GXChain is a fundamental blockchain for the global data economy, designed to build a trusted data internet of value. You can view their intro video below.

(Sources: GXChain and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: TIMM Trader

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