Crypto Contest October 9: Nano
Nano (NANOBTC) 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, Nano began a wave one advance on August 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 26, and the red wave two (blue sub-waves a-b-c) correction ended on September 12. If this wave count is correct, Nano should be heading next towards the August 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
For longer term charts, we have to take a look at CoinMarketCap. I believe Nano is currently in the red wave three. The red wave three began on August 14.
(Chart courtesy of Coinmarketcap.com)
Funnymentals
Nano is a trustless, low-latency cryptocurrency that utilizes a block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting. The Crypto Sphere reviewed the coin on September 9.
(Sources: https://nano.org/en and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Nano will takeout the August 26 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Nano will drop below the August 14 low".
If you think Nano is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Nano will stay in a trading range between the August 14 low and the August 26 peak until November 13".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST October 12 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 1
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 $0.10 and you will get 3 x the winning prize.
Nano will stay in a trading range between the August 14 low and the August 26 peak until November 13 (34 voters as of 3 PM EST October 12: bleujay, bentleycapital, gregory-f, novus-locus, mellofello, glennolua, freiheit50, soundmoney, ace108, anetchen, toofasteddie, kunschj, milano1113, jznsamuel, koskl, revelationquotes, jlordc, starline, sbcbot, steem-d-anlovnit, reconnectnature, costanza, biomanu, dine77, mirda, rothberg, criptorafa, tzap90, amity123, janine-ariane, richard78624, pario, mike11, nzl19500).
You won. Paid out from @maarnio1
Nano will drop below the August 14 low (10 voters as of 3 PM EST October 12: sqlinsix, skepticology, vicspics, barbadosso, steemit.nemesis, mgood, chotho, techlife, galasek, mitrado).
Nano will takeout the August 26 peak (10 voters as of 3 PM EST October 12: steemquestions, diana.feuerberg, allyouneedtoknow, crokkon, michaelluchies, marverick984, fullcoverbetting, diogosantos, punjolife, portillo).
i really wait to grow my account or the Steem price to go up in order to meet the minimum 0.01$ requirement to take part in the contest like i used to....in the meantime you can always visit my FREE contest to have a look and take part if you are interested in @maarnio ...i 'll be very happy to see you there
Joined your contest.
Let's hope we can get the STEEM price up soon that you can join also.
thank you @maarnio for the participation... i will get my account to the right level no matter what the price of STEEM does.....i will join you very soon....till then i can only follow you and upvote your posts
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