Groestlcoin (GRSBTC) has broken out of the triangle pattern in the daily chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmaNpaAJH612YpGLvmehMEJ9Hu58ZFT2kp5jRpfXP2MgXH)

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

**Elliott Wave Analysis**

In Elliott Wave terms, Groestlcoin began a wave one advance in July 2014. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 17 this year, and the red wave two (blue sub-waves a-b-c) correction ended on August 14. If this wave count is correct, Groestlcoin should be heading next towards the April 17 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmUbCGBrFZtwFko9Fm2UU1XzRAxiiWPceSuqy5EXVCtmhZ)

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

**Funnymentals**

Groestlcoin provides instant & private transactions with subatomic fees. You can view the official teaser video below.

https://youtu.be/JzD2ccImsq0

(*Sources: https://www.groestlcoin.org/ and [YouTube](https://youtu.be/JzD2ccImsq0)*)
![steemverify.png](https://ipfs.busy.org/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Groestlcoin will takeout the April 17 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Groestlcoin will drop below the March 30 low".

If you think Groestlcoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Groestlcoin will stay in a trading range between the March 30 low and the April 17 peak until September 19".
![nimetön3.png](https://ipfs.busy.org/ipfs/QmV3YKuiJZC1Fvxh4eDapKLryvZvnQouvuZjk6Hhd2GdzS)

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

You can upvote the comment until 3 PM EST August 18 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

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