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Crypto Contest May 16: Gifto by maarnio

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· @maarnio · (edited)
$22.26
Crypto Contest May 16: Gifto
Gifto (GTOBNB) has broken out of the triangle pattern in the four-hour chart.
https://s9.postimg.cc/ut9z4f9db/nimet_n.png
(*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.
https://s9.postimg.cc/sh6kk5ebj/nimet_n2.png
(*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.
https://youtu.be/v4-wkZWpeaw
(*Sources: https://gifto.io/ and [YouTube](https://youtu.be/v4-wkZWpeaw)*)
![steemverify.png](https://gateway.ipfs.io/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)
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.
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vote details (138)
@maarnio · (edited)
$0.67
Gifto will takeout the May 3 peak (17 voters as of 3 PM EST May 19: bxlphabet, sanjay91422, ace108, fitinfun, me-do, crokkon, dirty.hera, mgood, carlosdaniel, diogosantos, harryp3, utkarshvarma, mihail.tsvetkov, cosminblaga, easymoney202, beiker, heidelbaer).
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vote details (19)
@maarnio · (edited)
$0.91
Gifto will drop below the April 6 low (15 voters as of 3 PM EST May 19: sqlinsix, skepticology, freiheit50, steemit.nemesis, dlina-v-metrah, vicspics, barbadosso, tzap90, sporttr, coolthings, mister.green, nordina, mitrado, stalexmkl, photo-moment).
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@maarnio ·
You won.
👍  
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@maarnio · (edited)
$3.50
Gifto will stay in a trading range between the April 6 low and the May 3 peak until June 21 (31 voters as of 3 PM EST May 19: bleujay, gregory-f, lydon.sipe, revelationquotes, bentleycapital, glennolua, soundmoney, simonjay, misalen, rothberg, komischername, jznsamuel, steem-d-anlovnit, flemingfarm, reconnectnature, kunschj, koskl, themovieplace, starline, toofasteddie, mirda, costanza, richard78624, portillo, nicolaepavelean, galasek, catchup, andy23, ragnaros, askeb, cmoljoe).
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@diogosantos ·
$0.14
BNB has stabilized, and GTO is showing some potential growth. I think it might happen to take out the May 3 peak.
👍  
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@aaeesha ·
This is amazing technical analysis sir you have hit the nail on the head.
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@resteemable ·
**Your Post Has Been Featured on @Resteemable!** <br> Feature any Steemit post using resteemit.com! <br> **How It Works:** <br> 1. Take Any Steemit URL <br> 2. Erase `https://` <br> 3. Type `re`<br> Get Featured Instantly & Featured Posts are voted every 2.4hrs <br>[Join the Curation Team Here](https://goo.gl/forms/4sr0InoTxcyPRQSj2) | [Vote Resteemable for Witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=resteemable&approve=1)
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@calprut ·
maybe Gifto will make some retracement before it goes up again, CMIIW :)
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