Crypto Contest February 27: Komodo

Komodo (Bittrex: KMDBTC) 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 June 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Komodo should be heading next towards the June 2017 peak in the red wave three.

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

Funnymentals

Komodo provides multi-chain blockchain technology solutions. BlockWolf reviewed the platform in December 2018.

(Sources: Komodo and YouTube)

If you think

Accumulation Phase

Last BITCOIN rise may have confirmed, IMO, the entry in the Accumulation Phase. This period of time may take weeks or months and it is characterized by a movement between range of price which can be clearly identified in the Daily Chart.

For instance, on 2015, BITCOIN defined the Key levels as follows:

Upper Resistance Level were tested at least three times during this period while the Bottom Support was tested twice, forming a double bottom, W-Pattern which is a bullish pattern. There was as well an intermediate support on which BTC rebounded a few time too.

On 2015, the accumulation phase

Bitcoin Technical Analysis: QUICK UPDATE

Bitcoin is being squeezed within a small wedge, hovering right around $3,800. Volume has tapered off over the past 24 hours.

In today’s video analysis I discuss, where price my be heading next, traps to avoid, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

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BITCOIN – 27 Feb

On 4hr chart, possible channel and testing channel bottom, gut feel like to drop below to form the 2nd leg staircase down pattern while heading to test the big triangle bottom.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :132
Total marketcap :130
Dominance :52
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest February 26: Quant

Quant (Bittrex: QNTBTC) 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, Quant began a wave one advance on January 30. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 14, and the red wave two (blue sub-waves a-b-c) correction ended on February 24. If this wave count is correct, Quant should be heading next towards the February 14 peak in the red wave three.

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

Funnymentals

Quant Network is connecting the world’s networks to blockchain with just three lines of code. You can watch

Ignore my suggestions – at your own peril

Today I’ll say very little. I’ll let Bit Brain of the past do the majority of the talking. But before I start quoting…

This is Enjin Coin today:

From https://coinmarketcap.com/currencies/enjin-coin/#charts

Enjin Coin (ENJ) – the little wallet that could, the gaming platform, the inventor of the ERC-1155 token – is moving. Fast! News of the wallet and its capabilities is making big waves, and that’s only the start of this powerful multi-faceted gaming coin!

Now what was I saying about quotes?

“Enjin Coin (ENJ) – Enjin has existed as a gaming platform for several years and is already well respected by the gaming community.

Litecoin Chart Looking Better Than Most

Have to give it to litecoin (LTC), its price performance is definitely showing strength relative to the market.
Importance of Relative Strength
I talked about this a bunch sometime back, it was a period of time when Ethereum was showing relative strength compared to bitcoin and crypto on a whole.
Sure enough, when the market had it’s next push higher ethereum was one of the best performers.
As I sit here present day I wonder if the same fate is in play for litecoin.  Granted, we need the market to gives us a move higher to find out, but litecoin is certainly setup to

Are you Buying the Dip? $EOS

Crypto has finally broke. Above some levels and you heard about it in the news again last week. Some coins were making rips off the lows and making runs at multi month highs. One of these is EOS. And it is one of my favorites. I had this horizontal line drawn days ago as possible resistance…and you can see we are pulling back from here.

I love these large down days like this. I can remember coming out of the last bear market you get these major down days that hold levels. This is what you want to see! We

Bitcoin Technical Analysis: Continuation of the Bear Market or Bear Trap?

Yesterday Bitcoin tried breaking above the $4,120 resistance on Coinbase. While price was able to briefly wick above, it was unable to decisively penetrate. The bears quickly pushed it back below $4,000. Even though we watched price drop nearly $400 in 4 hours, volume remains relatively strong in comparison to just 2 weeks ago. In fact, we’ve seen the highest daily volume in at least 9 months over this past week.

Looking at the daily chart, we can see price found support right on top of the 21 day EMA.

In today’s video analysis I discuss if this latest drop looks more

Crypto Contest February 25: Enjin Coin

Enjin Coin (Binance: ENJBTC) 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, Enjin Coin began a wave one advance in November 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in August 2018. If this wave count is correct, Enjin Coin should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Enjin Coin is a deflationary token and resource that can be used by developers, entrepreneurs,