Crypto Contest January 17: NautilusCoin
NautilusCoin has broken out of the channel in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, NautilusCoin began a five wave advance on January 5 in the two-hour chart. The wave five ended on January 16. I believe NautilusCoin is currently in the wave c correction, which could extend little lower still. After the correction is over, NautilusCoin should be heading higher in a wave three of higher time frame.
(Chart courtesy of Tradingview.com)
In the weekly chart, NautilusCoin is now starting a wave three advance. The wave one finished on August 29, 2016, and the wave two correction ended on January 5.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long NautilusCoin.
If you think this analysis is correct, upvote this post and upvote the comment "NautilusCoin will takeout the November 18, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "NautilusCoin will drop below the January 5 low".
If you think NautilusCoin is in a range, upvote this post and upvote the comment "NautilusCoin will stay in a trading range between the January 5 low and the November 18, 2016 peak until February 14".
You can upvote the comment until 3 PM EST January 18 and you can upvote only one comment. 200% of Steem (2 X 0.121 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
NautilusCoin will takeout the November 18, 2016 peak (12 voters as of 3 PM EST January 18: otisbrown, bleujay, daveks, majes, nextgen622, digit, idnit, jdbry, idnit1, idnit9, steemradio, tamersameeh).
You won.
NautilusCoin will drop below the January 5 low (4 voters as of 3 PM EST January 18: me-tarzan, gregory-f, twinner, mrfoot).
NautilusCoin will stay in a trading range between the January 5 low and the November 18, 2016 peak until February 14 (6 voters as of 3 PM EST January 18: spinbunny, yefet, landofcrypto, anotherjoe, soundmoney, jahtech).
The same
This post has been ranked within the top 80 most undervalued posts in the first half of Jan 17. We estimate that this post is undervalued by $2.89 as compared to a scenario in which every voter had an equal say.
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