Gnosis (GNOUSD) 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, Gnosis began a wave one advance on May 1. The red wave one (blue sub-waves i-ii-iii-iv-v) advance finished on June 29, and the red wave two (blue sub-waves a-b-c) correction ended on November 12. If this wave count is correct, Gnosis should be heading next towards the June 29 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming in the daily chart, I believe Gnosis is currently in the red wave three (blue sub-wave iii). The red wave one began on November 12.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Gnosis is a decentralized prediction market platform. Here is the official video explaining the token.
(Source: https://gnosis.pm/)
If you think this analysis is correct, upvote this post and upvote the comment "Gnosis will takeout the June 29 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Gnosis will drop below the November 12 low".
If you think Gnosis is in a range, upvote this post and upvote the comment "Gnosis will stay in a trading range between the November 12 low and the June 29 peak until January 22, 2018".
You can upvote the comment until 3 PM EST December 23 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token to everyone who manages to get these contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
