Crypto Contest December 5: Numeraire

Numeraire (NMRUSD) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

Elliott Wave Analysis

In Elliott Wave terms, Numeraire began a wave one advance on November 12. The red wave one (blue sub-waves i-ii-iii-iv-v) advance finished on November 29, and the red wave two correction ended on November 30. If this wave count is correct, Numeraire should be heading next towards the November 29 peak in the red wave three.

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

Funnymentals

Numeraire is a hedge fund built by a network of data scientists. Here is a short introduction video to the coin.

Introducing Numeraire from Numerai on Vimeo.

(Source: https://numer.ai/)

If you think this analysis is correct, upvote this post and upvote the comment "Numeraire will takeout the November 29 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Numeraire will drop below the November 12 low".

If you think Numeraire is in a range, upvote this post and upvote the comment "Numeraire will stay in a trading range between the November 12 low and the November 29 peak until January 5, 2018".

You can upvote the comment until 3 PM EST December 6 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).