Crypto Contest January 3: NAV Coin
NAV Coin has broken the trend line drawn from the December 13, 2016 peak in the four-hour chart.
(Chart courtesy of Tradingview.com)
In the daily chart, NAV Coin has also broken out of the wedge pattern late last year.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, NAV Coin began a five wave advance on July 27, 2016. The five wave advance finished on September 17, 2016, and a three wave correction could have ended on December 23, 2016. If this wave count is correct, NAV Coin should be heading next towards the September 17, 2016 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, NAV Coin started a wave one advance in December 2015. The wave one ended on July 5, 2016, and the wave two correction finished on July 27, 2016. I believe NAV Coin is currently in the wave three (sub-wave iii).
(Chart courtesy of Tradingview.com)
In the monthly chart, NAV Coin began a wave one advance in October 2014. The wave one ended in March 2015, and the wave two correction finished in December 2015. I believe NAV Coin is currently in the wave three.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long NAV Coin.
If you think this analysis is correct, upvote this post and upvote the comment "NAV Coin will takeout the December 7, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "NAV Coin will drop below the August 14, 2016 low".
If you think NAV Coin is in a range, upvote this post and upvote the comment "NAV Coin will stay in a trading range between the August 14, 2016 low and the December 7, 2016 peak until January 31".
You can upvote the comment until 3 PM EST January 4 and you can upvote only one comment. 200% of Steem (2 X 2.518 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.
NAV Coin will drop below the August 14, 2016 low (5 voters as of 3 PM EST January 4: helikopterben, gregory-f, landofcrypto, jamesbrown, me-tarzan).
NAV Coin will takeout the December 7, 2016 peak (6 voters as of 3 PM EST January 4: otisbrown, twinner, anotherjoe, rxhector, feelinggood, soundmoney).
NAV Coin will stay in a trading range between the August 14, 2016 low and the December 7, 2016 peak until January 31 (5 voters as of 3 PM EST January 4: bleujay, yefet, spinbunny, bidnat, michaelcorleone).
You won.
great post @maarino how can i get to buy and trade the coin
Thanks Victor,
https://www.poloniex.com/exchange#btc_nav
You can trade it at Poloniex.
Thank you for posting @maarnio.
Appreciate the winning reward. Thank you for providing the opportunity to participate.
Thank you bleujay. It was very fast contest yesterday.
NAV Coin will drop below the August 14, 2016 low.
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NAV Coin will drop below the August 14, 2016 low.