Crypto Contest December 12: Gulden

Gulden (NLGUSD) 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, 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.

(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.

(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)

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).