Crypto Contest August 26: Nuls
Nuls (NULSETH) 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, Nuls began a wave one leading diagonal advance in November 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in May this year, and the red wave two (blue sub-waves a-b-c) correction ended on August 10. If this wave count is correct, Nuls should be heading next towards the May peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Nuls is adaptable blockchain for enterprise solutions. CryptosRUs gave a hint what caused the latest rally on August 12.
(Sources: https://nuls.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Nuls will takeout the May peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Nuls will drop below the February low".
If you think Nuls is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Nuls will stay in a trading range between the February low and the May peak until September 30".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST August 29 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
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.
Nuls will drop below the February low (17 voters as of 3 PM EST August 29: bleujay, sqlinsix, bentleycapital, diana.feuerberg, novus-locus, simonjay, jznsamuel, steemit.nemesis, koskl, tzap90, milano1113, barbadosso, amity123, mike11, marverick984, galasek, catchup).
Nuls will stay in a trading range between the February low and the May peak until September 30 (23 voters as of 3 PM EST August 29: glennolua, abh12345, soundmoney, vicspics, misalen, cryptotem, steem-d-anlovnit, starline, nicolaepavelean, lucasgabd, biomanu, punjolife, dine77, mgood, chotho, mirda, fullcoverbetting, mitrado, moeenali, rothberg, faroel, richard78624, diogosantos).
You won. Paid out from @maarnio1
Nuls will takeout the May peak (14 voters as of 3 PM EST August 29: skepticology, kunschj, crokkon, freiheit50, lydon.sipe, mellofello, toofasteddie, libert, pario, techlife, revelationquotes, criptorafa, coolthings, sporttr).
It´s always hard when you compare with ETH, I don´t know why, but it confuses me, even knowing that ETH and BTC behavior will always be similar.
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
Coins mentioned in post:
I hope this could be a longterm bull run