Crypto Contest October 2: NAVCoin
NAVCoin (NAVUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, NAVCoin began a wave one advance on July 16. The red wave one finished on July 23, and the red wave two correction ended on August 15. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on September 1, and the red wave four (blue sub-waves a-b-c) correction ended September 15. If this wave count is correct, NAVCoin should be heading next towards the September 1 peak in the red wave five.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe NAVCoin is currently in the red wave five (blue sub-wave v).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "NAVCoin will takeout the September 1 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "NAVCoin will drop below the August 15 low".
If you think NAVCoin is in a range, upvote this post and upvote the comment "NAVCoin will stay in a trading range between the August 15 low and the September 1 peak until November 2".
You can upvote the comment until 3 PM EST October 3 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).
NAVCoin will stay in a trading range between the August 15 low and the September 1 peak until November 2 (37 voters as of 3 PM EST October 3: freiheit50, twinner, gregory-f, allyouneedtoknow, soundmoney, steem-buzz, themovieplace, lucasgabd, simonjay, flemingfarm, catena, dirty.hera, kunschj, starline, komischername, libert, mirda, coolthings, yinyangboobookat, osmanbugra, abh12345, crokkon, ahinga, mprgrmmr, applesspatrick, carlosdaniel, c-c-c, ragnaros, napkin, heroic15397, incrediblesnow, andy23, richard78624, barcalogia, sweethoney, huasipi, hashclouds).
Wow, that one sure woke up! Quite the peak.
You won.
NAVCoin will takeout the September 1 peak (16 voters as of 3 PM EST October 3: otisbrown, fitinfun, bentleycapital, eirik, kooshikoo, jznsamuel, anetchen, yefet, psywalker, cassidyandfranks, digitalking, allmonitors, amfid4846, abay, cookiekush, me-do).
There is never a peak for cryptocurrencies in the world.
NAVCoin will drop below the August 15 low (3 voters as of 3 PM EST October 3: lemoneequeen, tzap90, gunsmithing).
img credz: pixabay.com
Nice, you got a $3.12 @minnowbooster upgoat, thanks to @maarnio
Want a boost? Minnowbooster's got your back!
The @OriginalWorks bot has determined this post by @maarnio to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
@mrainp420 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond. To be Resteemed to 4k+ followers and upvoted heavier send 0.25SBD to @minnowpond with your posts url as the memo
This post received a 3.13% upvote from @randowhale thanks to @maarnio! To learn more, check out @randowhale 101 - Everything You Need to Know!