Komodo (KMDBTC) 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, Komodo began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 22, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on January 17 this year. If this wave count is correct, Komodo should be heading next towards the December 22, 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
In the weekly chart, Komodo is most likely in the red wave three (blue sub-wave iii). The red wave three began on December 8, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Komodo is a privacy coin with their own decentralized exchange, BarterDEX. Here is a video of a live atomic swap in the BarterDEX.
(YouTubeSources: https://komodoplatform.com/ and )
If you think this analysis is correct, upvote this post and upvote the comment "Komodo will takeout the December 22, 2017 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Komodo will drop below the December 8, 2017 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 December 8, 2017 low and the December 22, 2017 peak until February 23".
You can upvote the comment until 3 PM EST January 24 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).
Bonus
I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Komodo will takeout the December 22, 2017 peak (45 voters as of 3 PM EST January 24: bleujay, steemquestions, lydon.sipe, bentleycapital, eirik, soundmoney, allyouneedtoknow, fitinfun, simonjay, nicolaepavelean, dirty.hera, crokkon, toofasteddie, mprgrmmr, mgood, komischername, miniature-tiger, reconnectnature, themovieplace, mihail.tsvetkov, me-do, mirda, ahinga, koskl, richard78624, andy23, paul.atreides, beiker, plumygg, nafazul, incrediblesnow, zakariahosen, nordina, barbadosso, portillo, heidelbaer, flash-floods, acehnature, abnurmulya03, margaritaradkova, notanengenier, sevinwilson, biyanoor, steemit-up, kanoe).
Komodo will stay in a trading range between the December 8, 2017 low and the December 22, 2017 peak until February 23 (29 voters as of 3 PM EST January 24: freiheit50, me-tarzan, glennolua, gregory-f, jznsamuel, dlina-v-metrah, sanjay91422, twinner, flemingfarm, catena, cryptotem, coolthings, lasper, cassidyandfranks, ragnaros, freskil, yefet, criptorafa, libert, borban, sportschallenge, huasipi, cata22, diogosantos, karadere, deceth, utkarshvarma, abhicrypto, liberton).
You won.
Komodo will drop below the December 8, 2017 low (6 voters as of 3 PM EST January 24: sqlinsix, anetchen, ace108, starline, gunsmithing, elisablogs).
very good coin part of my portfolio
love the Funnymentals part hehe :)
@maarnio sorry I want to ask why the contest in your blog winners are not in general right on your blog, if the winners in the announcement would trigger more people to follow your contest
https://steemit.com/cryptocurrency/@maarnio/crypto-contest-status-report-xii
Let me know if this is helpful?
@maarnio thank's
great post dear
Thank you beautypics.
The best contest @maarnio.
Thanks Fahmi.
thank you for the information is a dangerous animal dragons
Regards
@mulyadibaloy
You are right:
https://en.wikipedia.org/wiki/Komodo_dragon
Thanks for sharing this post.
Thank you Diaa.
Komodo will stay in a trading range between the December 8, 2017 low and the December 22, 2017 peak until February 23
Thanks faroel.
Please remember to vote the right comment.
thank you sir
"Komodo will stay in a trading range between the December 8, 2017 low and the December 22, 2017 peak until February 23".
Thanks Doriyan.
Please remember to upvote the right comment.
Thank you for sharing this chart