Crypto Contest June 25: 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 May 27. The wave one finished on June 5, and the wave two correction ended on June 6. The wave three advance finished on June 13, and the wave four correction ended on June 15. 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)
Looking at the weekly chart, I believe NXT is currently in the wave three.
(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 June 6 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 June 6 low and the June 13 peak until July 25".
You can upvote the comment until 3 PM EST June 26 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 (25 voters as of 3 PM EST June 26: bleujay, yefet, otisbrown, kooshikoo, coinmaker, soundmoney, simonjay, dirty.hera, timoshey, shiri, abh12345, arnel, themovieplace, starline, skririm, damla, imvictus, eirik, catena, poppy.poppers, gregory-f, mprgrmmr, ragnaros, jznsamuel, krishnan).
NXT will stay in a trading range between the June 6 low and the June 13 peak until July 25 (13 voters as of 3 PM EST June 26: twinner, freiheit50, me-tarzan, coolthings, avarice, stay9n0, steemychess, andy23, steemit.nemesis, flemingfarm, earnonlinewith, acid78, junoooo).
You won.
NXT will drop below the June 6 low.
Nice and fun game that will reward all of us, hmmm... Ok I will participate and I go for NXT will takeout the June 13 peak as you projected. I have also resteemed to my followers so that more can join. Upvoted!
Thank you Arnel.
You're welcome...
Holding support for a while. Will retest 7160. If it breaks then
"NXT will takeout the June 13 peak"
Sounds like a plan for me.
As a newb to steemit, I'm now interested in this cryptocurrency market trading infor.
Thanks for sharing.
Thank you Ron, and thanks for resteeming.
Ha-ha, thanks for the upvote and you are welcome - curation is now interfering with my content creation, but I'm still rapidly learning. LOL 😃
welcome to steemit @ronmamita! and this is a great game you've got going on here @maarnio :: I just freshly picked up some NXT tonight after a short convo with another steemer; on a thread about our favorite coins. I'm not even 'ready' to play this game; but am here to watch and pick up some knowledge; thanks to all the masters
"NXT will drop below the June 6 low."
My guess is that eventually NXT will fall away as it's being superseded (although not replaced) by ARDR (NXT 2.0). The tokens for ARDR have already been allocated to NXT owners so I would expect some of them to slowly move their remaining NXT across with this process quickening as we reach the Q3 2017 live launch for ARDR. Whether this happens in the timescale of this contest though is another question!
Yes. It could happen in long term.
I think Ardor just heard you (+12%).
NXT up as well though, so I think I'm on a losing bet!
It looks like the jump is from tweets about the Ignis launch. 0.5 Ignis token will be given for each 1 NXT. But this has been known about for over a year!
Yes. You are right.
Here is the tweet:
https://twitter.com/Blockchainlife/status/878951904809811969
You have to hold NXT when the snapshot is taken that is why the rush into the coin.
Disclaimer: I am just a bot trying to be helpful.
Hooray for contests. I'm not entering but good luck everyone!
You can still change your mind.
Hold btc and ltc :)
Seem NXT is going to consolidate a while after the big jump.