Crypto Contest April 24: Neblio

Neblio (NEBLBTC) 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, Neblio began a wave one advance on December 26, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 9 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, Neblio should be heading next towards the January 9 peak in the red wave three.

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

Funnymentals

Neblio is a secure, distributed, platform built for enterprise applications and services. CryptoCandor published a video last week explaining the project.

(Sources: https://nebl.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Neblio will takeout the January 9 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Neblio will drop below the December 26, 2017 low".

If you think Neblio is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Neblio will stay in a trading range between the December 26, 2017 low and the January 9 peak until May 30".

You can upvote the comment until 3 PM EST April 27 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).

Bonus

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.