Crypto Contest January 12: Gifto

in LeoFinance2 years ago

Gifto (OKX: GTOBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, GTO began a red wave one advance in February 2021. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in June 2021 and the red wave two (blue sub-waves a-b-c) correction ended in May 2022. If this wave count is correct, GTO should be heading next towards the June 2021 peak in the red wave three.

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

Funnymentals

Gifto was launched on Binance launchpad, it has since released many innovations, including the largest crypto wallet for mass market use, the highest active user blockchain game, and other mass consumer applications. You can find their roadmap here.

(Sources: https://gifto.io/)

How Will Gifto Trade?

Gifto (OKX: GTOBTC) weekly chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

GTO will takeout the July peak

GTO will drop below the November low

GTO will stay in a trading range between the November low and the July peak until February 18

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GTO will stay in a trading range between the November low and the July peak until February 18

GTO will stay in a trading range between the November low and the July peak until February 18

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GTO will drop below the November low

GTO will stay in a trading range between the November low and the July peak until February 18

GTO will stay in a trading range between the November low and the July peak until February 18

Posted Using LeoFinance Beta

GTO will drop below the November low

GTO will drop below the November low

GTO will takeout the July peak

Correct.

Posted Using LeoFinance Beta

GTO will stay in a trading range between the November low and the July peak until February 18

GTO will stay in a trading range between the November low and the July peak until February 18

GTO will stay in a trading range between the November low and the July peak until February 18

GTO will takeout the July peak

GTO will drop below the November low

GTO will takeout the July peak

Posted Using LeoFinance Beta

GTO will stay in a trading range between the November low and the July peak until February 18

GTO will stay in a trading range between the November low and the July peak until February 18

GTO will stay in a trading range between the November low and the July peak until February 18