Crypto Contest February 27: Komodo
Komodo (Bittrex: KMDBTC) 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, Komodo began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Komodo should be heading next towards the June 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Komodo provides multi-chain blockchain technology solutions. BlockWolf reviewed the platform in December 2018.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Komodo will takeout the April 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Komodo will drop below the November 2018 low".
If you think Komodo is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Komodo will stay in a trading range between the November 2018 low and the April 2018 peak until April 3".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST March 2 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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Komodo will stay in a trading range between the November 2018 low and the April 2018 peak until April 3 (20 voters as of 3 PM EST March 2: freiheit50, gregory-f, mellofello, abh12345, skepticology, toofasteddie, allyouneedtoknow, crokkon, soundmoney, harryp3, trincowski, kunschj, vicspics, fullcoverbetting, steem-d-anlovnit, jznsamuel, mgood, richard78624, simonjay, diogosantos).
I hope it doesn't fall much more. It's getting ridiculous already.
You won. Paid out from @maarnio1
Komodo will takeout the April 2018 peak (6 voters as of 3 PM EST March 2: bleujay, bentleycapital, steemit.nemesis, beiker, ace108, sporttr).
When I read "Komodo" I had to think about this lovely animal:
Komodo will drop below the November 2018 low (3 voters as of 3 PM EST March 2: barbadosso, mitrado, galasek).
I´ve liked Komodo project for a lot of months now and I still think their proposal is very valuable for crypto in general.
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