Crypto Contest August 3: NXT
NXT has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, NXT began a wave one advance on January 5. The wave one finished on February 6, and the wave two correction ended on March 2. The wave three advance finished on June 13, and the wave four correction ended on July 11. If this wave count is correct, NXT should be heading next towards the June 13 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "NXT will takeout the June 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "NXT will drop below the July 11 low".
If you think NXT is in a range, upvote this post and upvote the comment "NXT will stay in a trading range between the July 11 low and the June 13 peak until September 3".
You can upvote the comment until 3 PM EST August 4 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). Only participants with a Reputation of 35 or more will qualify in the contest.
NXT will takeout the June 13 peak (28 voters as of 3 PM EST August 4: bleujay, yefet, simonjay, soundmoney, steem-buzz, gregory-f, dirty.hera, cassidyandfranks, rhino, bradenford, themovieplace, starline, architrader, flemingfarm, komischername, lucasgabd, allmonitors, abh12345, jznsamuel, psilacetin, eirik, miniature-tiger, digitalking, c-c-c, mprgrmmr, carlosdaniel, mela, me-do).
NXT will stay in a trading range between the July 11 low and the June 13 peak until September 3 (13 voters as of 3 PM EST August 4: landofcrypto, lydon.sipe, misalen, ahinga, damla, tzap90, mirda, coolthings, dpol, andy23, psywalker, lig007, freskil).
The IGNIS ICO starts on August 5th. NXT is required to participate in the ICO so I think that NXT will go close to the June 13th peak tomorrow but I don't think it'll take it out.
Thanks. That should keep NXT well bid.
NXT will drop below the July 11 low (5 voters as of 3 PM EST August 4: osmanbugra, ragnaros, vermute, sevinwilson, libert).
You won.
This post has been ranked within the top 50 most undervalued posts in the first half of Aug 03. We estimate that this post is undervalued by $10.01 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 03 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Whats nxt? Got to look into that.
https://nxt.org/
Take a look.
interesting
https://coinmarketcap.com/currencies/nxt/
https://bitcointalk.org/index.php?topic=587007.0
Solid post. Same mindset here. No matter how populair a coin is. People should always do a proper background check. It surprises me how many coins are out there that don't have their basics right. Personally I always use: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto. See: https://www.coincheckup.com/coins/Nxt#analysis For the Nxt Analysis.