Crypto Contest May 16: Gifto

Gifto (GTOBNB) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Gifto began a wave one advance on April 6. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 3, and the red wave two (blue sub-waves a-b-c) correction ended on May 12. If this wave count is correct, Gifto should be heading next towards the May 3 peak in the red wave three.

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

Funnymentals

Gifto is a decentralized universal gifting protocol for global content creators. Smart Investor published a Gifto token review on April 27.

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

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Gifto will takeout the May 3 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Gifto will drop below the April 6 low".

If you think Gifto is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Gifto will stay in a trading range between the April 6 low and the May 3 peak until June 21".

You can upvote the comment until 3 PM EST May 19 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 (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.