Komodo (KMDUSD) 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 December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in September this year. If this wave count is correct, Komodo should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Komodo is green because it recycles bitcoin's energy to secure independent chains using delayed Proof of Work. Naomi Brockwell interviewed the founder of Komodo in August this year.
(Sources: https://komodoplatform.com/ and YouTube)
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 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 September 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 September low and the April peak until November 21".
(Chart courtesy of Tradingview.com (log scale))
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Komodo will stay in a trading range between the September low and the April peak until November 21 (29 voters as of 3 PM EST October 20: bleujay, bentleycapital, gregory-f, mellofello, novus-locus, abh12345, glennolua, positivebalances, soundmoney, simonjay, skepticology, allyouneedtoknow, toofasteddie, jznsamuel, jlordc, starline, koskl, revelationquotes, steem-d-anlovnit, costanza, kunschj, mgood, lucasgabd, galasek, mirda, mitrado, fullcoverbetting, richard78624, coolthings).
I have a small stake in Komodo and its been a fairly solid performer in these choppy waters.
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Komodo will drop below the September low (4 voters as of 3 PM EST October 20: sqlinsix, diana.feuerberg, barbadosso, vicspics).
You won. Paid out from @maarnio1
Komodo will takeout the April peak (6 voters as of 3 PM EST October 20: steemquestions, lydon.sipe, diogosantos, reconnectnature, tzap90, nzl19500).
Komodo will takeout the April peak. long Komodo
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I've been voting since last week for all the coins to take out the peak, and I don´t think I will fail many of them...
Let's hope you are right.
Looks good for a range pick :)
Range is better than the drop.
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