Crypto Contest November 18: Nelore Coin

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Nelore Coin (PancakeSwap: NLCUSD) 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, NLC began a red wave one advance in February 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in December 2022 and the red wave two (blue sub-waves a-b-c) correction ended in June this year. If this wave count is correct, NLC should be heading next towards the December 2022 peak in the red wave three.

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

Funnymentals

NELORE COIN is an agricultural business token with multiple farms under management focusing on COW production in Brazil that gives rewards based on real profit. They have already burned more than 60% of the tokens.

(Sources: https://nelorecoin.com/)

How Will Nelore Coin Trade?

Nelore Coin (PancakeSwap: NLCUSD) weekly chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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 and comment below

NLC will takeout the December 2022 peak

NLC will drop below the June 2023 low

NLC will stay in a trading range between the June 2023 low and the December 2022 peak until December 25

Posted Using InLeo Alpha

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57 comments
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NLC will stay in a trading range between the June 2023 low and the December 2022 peak until December 25

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NLC will takeout the December 2022 peak

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NLC will takeout the December 2022 peak

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NLC will takeout the December 2022 peak

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NLC will stay in a trading range between the June 2023 low and the December 2022 peak until December 25

!BEER
!BBH
!WINE

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@maarnio! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @eii. (2/5)

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!WINE

!LOLZ
!LUV
!PIZZA

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NLC will drop below the June 2023 low

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NLC will takeout the December 2022 peak

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Reply
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NLC will stay in a trading range between the June 2023 low and the December 2022 peak until December 25

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Reply
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NLC will stay in a trading range between the June 2023 low and the December 2022 peak until December 25

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Reply
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NLC will stay in a trading range between the June 2023 low and the December 2022 peak until December 25

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Reply
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NLC will takeout the December 2022 peak

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