Crypto Contest March 5: Numeraire

in #numeraire7 years ago (edited)

Numeraire (NMRUSD) 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, Numeraire began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 8 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Numeraire should be heading next towards the January 8 peak in the red wave three.

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

Funnymentals

Numerai is a new kind of hedge fund built by a network of data scientists. The following video explains it in more detail. The video was published by Numerai.

(Sources: https://numer.ai/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Numeraire will takeout the January 8 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Numeraire will drop below the November 12, 2017 low".

If you think Numeraire is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Numeraire will stay in a trading range between the November 12, 2017 low and the January 8 peak until April 10".

You can upvote the comment until 3 PM EST March 8 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).

Bonus

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.

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Numeraire will stay in a trading range between the November 12, 2017 low and the January 8 peak until April 10 (39 voters as of 3 PM EST March 8: helikopterben, bleujay, positivebalances, gregory-f, bentleycapital, freiheit50, heroic15397, simonjay, allyouneedtoknow, glennolua, dlina-v-metrah, misalen, flemingfarm, steemit.nemesis, twinner, tzap90, lucasgabd, komischername, reconnectnature, ahinga, mark.feuerborn, themovieplace, qmarpot, nicolaepavelean, skepticology, diogosantos, catena, koskl, richard78624, coolthings, erikaflynn, cryptotem, cmoljoe, ragnaros, costanza, paul.atreides, ilovefashion, nordina, deaconlee).

Numeraire will takeout the January 8 peak (28 voters as of 3 PM EST March 8: steemquestions, fitinfun, abh12345, ace108, sanjay91422, eirik, dirty.hera, crokkon, bxlphabet, toofasteddie, jznsamuel, mgood, carlosdaniel, me-do, starline, lasper, kunschj, neo-wiza, harryp3, mihail.tsvetkov, criptorafa, kooshikoo, stalexmkl, margaritaradkova, acehnature, akandadelwar, borban, sandeei).

Numeraire will drop below the November 12, 2017 low (8 voters as of 3 PM EST March 8: sqlinsix, mirda, barbadosso, libert, portillo, photo-moment, abhicrypto, beiker).