Crypto Contest October 27: Komodo
Komodo (KMDUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Komodo began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 8, and the red wave two correction ended on September 15. If this wave count is correct, Komodo should be heading next towards the September 8 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Komodo is currently in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
According to the Komodo's Twitter account Komodo offers:
Independent blockchain. Zero knowledge cryptocurrency. Decentralised exchange. Decentralised ICOs. Fiat pegged assets.
(Source: https://twitter.com/komodoplatform)
If you think this analysis is correct, upvote this post and upvote the comment "Komodo will takeout the September 8 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Komodo will drop below the July 16 low".
If you think Komodo is in a range, upvote this post and upvote the comment "Komodo will stay in a trading range between the July 16 low and the September 8 peak until November 27".
You can upvote the comment until 3 PM EST October 28 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).
Komodo will takeout the September 8 peak (21 voters as of 3 PM EST October 28: bleujay, otisbrown, bentleycapital, lydon.sipe, damla, catena, eirik, yefet, themovieplace, mihail.tsvetkov, komischername, crokkon, koskl, digitalking, me-do, promoplugs, m3rcos1ty, arpepa, kanoe, incrediblesnow, abay).
Thank you @maarnio for posting.
Appreciate the winnings....they just keep coming.... ^_^
Komodo is one to watch.
Wishing you and yours all the best. Cheers.
Yep. Let's hope Steem follows Komodo.
Komodo will stay in a trading range between the July 16 low and the September 8 peak until November 27 (27 voters as of 3 PM EST October 28: me-tarzan, flemingfarm, lucasgabd, simonjay, misalen, gregory-f, glennolua, skririm, lasper, jznsamuel, dlina-v-metrah, starline, tzap90, ahinga, mirda, coolthings, mprgrmmr, heroic15397, carlosdaniel, cassidyandfranks, ragnaros, andy23, napkin, richard78624, amfid4846, heidelbaer, kryptofan).
Blue waves 3,4,5 that you made fit to the chart look very much like pump and dump to me.
Blue wave 5 was the peak from October in my opinion.
Can you post a chart please?
https://steemit.com/trading/@heidelbaer/komodo
Do not hesitate to tell me if you see anything which is off in your opinion.
You won.
Komodo will drop below the July 16 low (4 voters as of 3 PM EST October 28: lemoneequeen, fitzgibbon, razorwave8, gunsmithing).
@maarnio, awesome post and very nice information. like it's always known information is power. thanks for empowering us with quality information. keep up the good work
Thank you gimh. Feel free to participate in the contest.
ok, thank you, i love to