Crypto Contest January 17: Nexus

Nexus (NXSBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Nexus began a wave one advance on December 8, 2017. The red wave one finished on December 25, 2017, and the red wave two correction ended on December 28, 2017. The red wave three advance finished on January 6 this year, and the red wave four correction ended on January 16. If this wave count is correct, Nexus should be heading next towards the January 6 peak in the red wave five.

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

Looking at the weekly chart, I believe Nexus is currently in the red wave five. The red wave five began on December 8, 2017.

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

Funnymentals

Nexus is the world’s first 3D-chain. Here is Colin Cantrell, Founder and Lead Developer, explaining Nexus history, vision, its current state, and future plans.

(Sources: http://www.nexusearth.com/ and YouTube)

If you think this analysis is correct, upvote this post and upvote the comment "Nexus will takeout the January 6 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Nexus will drop below the December 28, 2017 low".

If you think Nexus is in a range, upvote this post and upvote the comment "Nexus will stay in a trading range between the December 28, 2017 low and the January 6 peak until February 17".

You can upvote the comment until 3 PM EST January 18 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 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.