Crypto Contest April 6: Nexium
Nexium has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Nexium began the wave one advance on December 28, 2016. The wave one finished on January 27, 2017, and the wave two correction ended on March 2. If this wave count is correct, Nexium should be heading next towards the January 27 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Nexium will takeout the January 27 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Nexium will drop below the March 2 low".
If you think Nexium is in a range, upvote this post and upvote the comment "Nexium will stay in a trading range between the March 2 low and the January 27 peak until April 30".
You can upvote the comment until 3 PM EST April 9 and you can upvote only one comment. 200% of 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.
Nexium will takeout the January 27 peak (22 voters as of 3 PM EST April 9: bleujay, otisbrown, nextgen622, daveks, majes, gomeravibz, allyouneedtoknow, orenshani7, jdbry, digit, idnit, reisman, idnit9, idnit0, idnit1, mrfoot, evildeathcore, starline, angels, tamersameeh, dirty.hera, legends).
Nexium will drop below the March 2 low (2 voters as of 3 PM EST April 9: me-tarzan, gregory-f).
Nexium will stay in a trading range between the March 2 low and the January 27 peak until April 30 (4 voters as of 3 PM EST April 9: twinner, spinbunny, avarice, coolthings).
You won.
This post has been ranked within the top 80 most undervalued posts in the second half of Apr 06. We estimate that this post is undervalued by $0.19 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 06 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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