NautilusCoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe NautilusCoin has completed five waves from the June 1 low in the daily chart. The five wave advance ended on the August 29, and the three wave correction finished on the December 6. If this wave count is correct, NautilusCoin should be heading next towards the August 29 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long NautilusCoin.
If you think this analysis is correct, upvote this post and upvote the comment "NautilusCoin will takeout the November 18 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "NautilusCoin will drop below the December 6 low".
If you think NautilusCoin is in a range, upvote this post and upvote the comment "NautilusCoin will stay in a trading range between the December 6 low and the November 18 peak until January 15, 2017".
You can upvote the comment until 3 PM EST December 20 and you can upvote only one comment. 300% of Steem (3 X 0.212 STEEM) 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.
