Crypto Contest January 16: NoLimitCoin
NoLimitCoin (Bittrex: NLC2BTC) 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, NoLimitCoin began a wave one advance on November 23, 2018. The red wave one finished on December 3, 2018, and the red wave two correction ended on December 7, 2018. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on December 27, 2018, and the red wave four (blue sub-waves a-b-c) correction ended on January 13 this year. If this wave count is correct, NoLimitCoin should be heading next towards the December 27, 2018 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
NoLimitCoin is designed to power gaming applications. You can view their presentation filmed on October 24, 2018.
(Sources: NoLimitCoin and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "NoLimitCoin will takeout the December 27, 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "NoLimitCoin will drop below the December 7, 2018 low".
If you think NoLimitCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "NoLimitCoin will stay in a trading range between the December 7, 2018 low and the December 27, 2018 peak until February 20".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 19 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).
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Published by Maarnio
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NoLimitCoin will takeout the December 27, 2018 peak (6 voters as of 3 PM EST January 19: anotherjoe, steemit.nemesis, novus-locus, crokkon, ace108, galasek).
NoLimitCoin will drop below the December 7, 2018 low (10 voters as of 3 PM EST January 19: bleujay, sqlinsix, bentleycapital, freiheit50, skepticology, barbadosso, vicspics, mitrado, mgood, sporttr).
NoLimitCoin will stay in a trading range between the December 7, 2018 low and the December 27, 2018 peak until February 20 (12 voters as of 3 PM EST January 19: diana.feuerberg, mellofello, gregory-f, toofasteddie, moeenali, reconnectnature, kunschj, steem-d-anlovnit, harryp3, utkarshvarma, fullcoverbetting, richard78624).
You won. Paid out from @maarnio1
I´ve joined their community not to long ago, right before the year ended. For obvious reasons, I have to support projects focused on Poker.
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