Crypto Contest December 12: Gulden

in gulden •  8 months ago

Gulden (NLGUSD) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Gulden began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v, leading diagonal) advance finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on November 12. If this wave count is correct, Gulden should be heading next towards the September 1 peak in the red wave three.

nimet_n.png

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

Looking at the weekly chart, I believe Gulden is currently in the red wave five (blue sub-wave iii). The red wave five began on July 16.

nimet_n.png

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

Funnymentals

With Gulden one can send money to each other, wire it to any IBAN account, pay at Gulden merchants and enjoy a very "healthy" return according to the website.

(Source: https://gulden.com/ and YouTube)

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If you think this analysis is correct, upvote this post and upvote the comment "Gulden will takeout the September 1 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Gulden will drop below the July 16 low".

If you think Gulden is in a range, upvote this post and upvote the comment "Gulden will stay in a trading range between the July 16 low and the September 1 peak until January 12, 2018".

You can upvote the comment until 3 PM EST December 13 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).

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Gulden will stay in a trading range between the July 16 low and the September 1 peak until January 12, 2018 (30 voters as of 3 PM EST December 13: helikopterben, freiheit50, twinner, flemingfarm, reconnectnature, simonjay, heroic15397, misalen, ace108, glennolua, osmanbugra, lucasgabd, crokkon, mgood, cryptotem, criptorafa, mirda, catena, ahinga, kanoe, cassidyandfranks, richard78624, ragnaros, andy23, mihail.tsvetkov, margaritaradkova, notanengenier, koskl, lakov, arpepa).

Gulden will takeout the September 1 peak (20 voters as of 3 PM EST December 13: bleujay, lydon.sipe, eirik, bentleycapital, allyouneedtoknow, fitinfun, abh12345, mprgrmmr, digitalking, lasper, jznsamuel, coolthings, freskil, carlosdaniel, janine-ariane, dirty.hera, yefet, rekaa, incrediblesnow, deceth).

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You won.

Gulden will drop below the July 16 low (5 voters as of 3 PM EST December 13: dlina-v-metrah, starline, me-do, libert, heidelbaer).

Gulden should release their POW2 + SegSig implementation, scheduled for July 2017. Currently user testing has begun for this. If this proves to be a major successfull upgrade, I'm bullish. They have postponed the big release to december 2017 (so this could happen any day now).

But so far, Gulden hasn't really delivered yet.

https://dev.gulden.com/

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Thanks.

I have to watch this.

This is all very technical, but can we rely completely on mathematics when calculating things like these up front?

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Yes and No.

I recommend that you check this out:

https://steemit.com/cryptocurrency/@maarnio/crypto-contest-status-report-xi

The best way to learn is to start doing the analysis by yourself.

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Thank you for recommendation, reading it.

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