Crypto Contest October 16: TomoChain
TomoChain (Binance: TOMOBTC) 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, TOMO began a wave one advance on September 25. The red wave one finished on September 28, and the red wave two correction ended on October 1. The red wave three advance finished on October 8, and the red wave four correction ended on October 13. If this wave count is correct, TOMO should be heading next towards the October 8 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TomoChain relies on a system of 150 Masternodes with Proof of Stake Voting (PoSV) consensus. BlockchainBrad interviewed the CEO back in July.
(Sources: https://tomochain.com/)How Will TomoChain Trade?
TomoChain (Binance: TOMOBTC) four-hour 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.
- TOMO will takeout the October 8 peak
- TOMO will drop below the September 25 low
- TOMO will stay in a trading range between the September 25 low and the October 8 peak until November 21
Answer the question at dpoll.xyz.