Crypto Contest November 20: NavCoin
NavCoin (Poloniex: NAVBTC) has broken out of the wedge pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, NavCoin began a wave one advance in October 2014. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in August 2017, and the red wave two (blue sub-waves a-b-c) correction ended in August this year. If this wave count is correct, NavCoin should be heading next towards the August 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
NavCoin is a community driven project that is developing a cryptocurrency that is simple to use, scalable and private. Nugget's News interviewed the team three weeks ago.
(Sources: https://navcoin.org/en and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "NavCoin will takeout the September peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "NavCoin will drop below the August low".
If you think NavCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "NavCoin will stay in a trading range between the August low and the September peak until December 25".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST November 23 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus 1
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
NavCoin will stay in a trading range between the August low and the September peak until December 25 (16 voters as of 3 PM EST November 23: bleujay, allyouneedtoknow, gregory-f, diana.feuerberg, mellofello, abh12345, freiheit50, toofasteddie, skepticology, crokkon, ace108, jlordc, kunschj, starline, steem-d-anlovnit, reconnectnature).
You won. Paid out from @maarnio1
NavCoin will drop below the August low (7 voters as of 3 PM EST November 23: sqlinsix, barbadosso, tzap90, anetchen, martusamak, jznsamuel, sporttr).
NavCoin will takeout the September peak (2 voters as of 3 PM EST November 23: steemit.nemesis, galasek).
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