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".
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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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