Crypto Contest June 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 March 2. The wave one (sub-waves i-v) finished on May 15, and the wave two (sub-waves abc) correction finished on May 27. If this wave count is correct, NXT should be heading next towards the May 15 peak 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 May 15 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "NXT will drop below the March 2 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 March 2 low and the May 15 peak until July 3".
You can upvote the comment until 3 PM EST June 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 May 15 peak (22 voters as of 3 PM EST June 4: otisbrown, bleujay, coinmaker, gregory-f, simonjay, yefet, allyouneedtoknow, kooshikoo, wingz, steemquestions, soundmoney, starline, daniel.dalo, mprgrmmr, skririm, eirik, avarice, jznsamuel, damla, cyberblock, ragnaros, fintekneeks).
You won.
NXT will stay in a trading range between the March 2 low and the May 15 peak until July 3 (5 voters as of 3 PM EST June 4: anotherjoe, me-tarzan, razorwave8, coolthings, andy23).
Thanks for the post, Ive done well with NXT in the past and I am fairly certain that your analyze is correct. Lets see NXT strut her stuff!!!
NXT will drop below the March 2 low (3 voters as of 3 PM EST June 4: sqlinsix, mirda, dirty.hera).
Good points in this post. I was about to post a similair thread. The cryptospace definitely feels a bit inflated. However we also said that about the S&P 500 40 years ago Do you know this interesting site? https://www.coincheckup.com This site gives a complete analysis and investment stats on every single tradable crypto out there.
Looks like an enormous head and shoulders! :P
It does, but will it work?
This post has been ranked within the top 80 most undervalued posts in the first half of Jun 03. We estimate that this post is undervalued by $9.36 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 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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NXT will takeout the May 15 peak
NXT will takeout the May 15 peak.