Crypto Contest July 15: Kambria

in LeoFinance4 years ago

Kambria (KuCoin: KATBTC) 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, KAT began a red wave one advance on June 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 26, and the red wave two (blue sub-waves a-b-c) correction ended on July 13. If this wave count is correct, KAT should be heading next towards the June 26 peak in the red wave three.

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

Funnymentals

Kambria is a decentralized open innovation platform for AI & Robotics that rewards its users. You can read their latest blog post here.

(Sources: https://kambria.io/)

How Will Kambria Trade?

Kambria (KuCoin: KATBTC) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

KAT will takeout the June 26 peak

KAT will drop below the June 19 low

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

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KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

KAT will takeout the June 26 peak

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

The June 26 peak is a S/R flip from June/August 2019, so it'll need some momentum to break that resistance level. I'd say the last option is most probable, but having the lower trendline as support, not the June '19 low. However, in the end it's all about what the king does; if BTC will break $10000 and reach new local highs, so probably will KAT.

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$rewarding 70

The reward of this comment goes 100 % to the author aezakmi. This is done by setting the beneficiaries of this comment to 100 %.

KAT will drop below the June 19 low

KAT will takeout the June 26 peak

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

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Posted Using LeoFinance


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KAT will drop below the June 19 low

KAT will takeout the June 26 peak

KAT will takeout the June 26 peak

KAT will drop below the June 19 low

KAT will takeout the June 26 peak

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

KAT will takeout the June 26 peak

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

KAT will drop below the June 19 low

KAT will takeout the June 26 peak

KAT will drop below the June 19 low

KAT will takeout the June 26 peak

KAT will takeout the June 26 peak

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

KAT will drop below the June 19 low

KAT will drop below the June 19 low

KAT will takeout the June 26 peak

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

KAT will takeout the June 26 peak

KAT will drop below the June 19 low

KAT will takeout the June 26 peak

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20

KAT will drop below the June 19 low

KAT will takeout the June 26 peak

KAT will drop below the June 19 low

KAT will drop below the June 19 low

KAT will drop below the June 19 low

KAT will stay in a trading range between the June 19 low and the June 26 peak until August 20