Crypto Contest December 19: Nectar

Crypto Contest December 19: Nectar

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Nectar (Bitfinex: NECETH) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, NEC began a wave one advance in April 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2018, and the red wave two (blue sub-waves a-b-c) correction ended in July this year. If this wave count is correct, NEC should be heading next towards the December 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

The Nectar token is a deflationary governance and utility token created originally by Ethfinex. The necDAO just launched yesterday.

(Sources: https://nectar.community/)

How Will Nectar Trade?

Nectar (Bitfinex: NECETH) weekly chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices.

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• NEC will takeout the March peak

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• NEC will drop below the July low

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• NEC will stay in a trading range between the July low and the March peak until January 24

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Answer the question at dpoll.xyz.