NuCypher (Coinbase: NUUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, NU began a red wave one advance on December 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 4 and the red wave two (blue sub-waves a-b-c) correction ended on December 10. If this wave count is correct, NU should be heading next towards the December 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
NuCypher is a decentralized threshold cryptography network. Coin Trades looked at the token one week ago.
How Will NuCypher Trade?
NuCypher (Coinbase: NUUSD) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers.
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.
NU will takeout the December 4 peak
NU will drop below the December 3 low
NU will stay in a trading range between the December 3 low and the December 4 peak until January 18, 2021
NU will takeout the December 4 peak
NU will stay in a trading range between the December 3 low and the December 4 peak until January 18, 2021
Correct.