Crypto Contest November 16: Nimiq

Crypto Contest November 16: Nimiq

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Nimiq (HitBTC: NIMBTC) 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, NIM began a wave one advance on August 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 4, and the red wave two (blue sub-waves a-b-c) correction ended on November 11. If this wave count is correct, NIM should be heading next towards the September 4 peak in the red wave three.

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

Funnymentals

Nimiq describes itself as blockchain technology inspired by Bitcoin but designed for the browser. You can watch their intro video below.

(Sources: https://www.nimiq.com/)

How Will Nimiq Trade?

Nimiq (HitBTC: NIMBTC) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices.

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• NIM will takeout the September peak

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• NIM will drop below the August low

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• NIM will stay in a trading range between the August low and the September peak until December 22

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Answer the question at dpoll.xyz.