Crypto Contest October 25: ODEM

in odem •  6 years ago 

ODEM (ODEUSD) has broken out of the triangle pattern in the daily chart.
nimetön.png

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

Elliott Wave Analysis

In Elliott Wave terms, ODEM began a wave one advance on April 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 2, and the red wave two (blue sub-waves a-b-c) correction ended on October 3. If this wave count is correct, ODEM should be heading next towards the August 2 peak in the red wave three.
nimetön2.png

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

Funnymentals

ODEM is a global, decentralized education marketplace. You can view their detailed presentation below.

(Sources: https://odem.io/ and YouTube)
steemverify.png

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ODEM will takeout the August 2 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ODEM will drop below the April 7 low".

If you think ODEM is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ODEM will stay in a trading range between the April 7 low and the August 2 peak until November 29".
nimetön3.png

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

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  ·  6 years ago (edited)

ODEM will stay in a trading range between the April 7 low and the August 2 peak until November 29 (24 voters as of 3 PM EST October 28: bentleycapital, gregory-f, mellofello, novus-locus, camdor, simonjay, kunschj, starline, revelationquotes, toofasteddie, steem-d-anlovnit, diogosantos, jznsamuel, reconnectnature, steemcollator, costanza, tzap90, lucasgabd, koskl, mitrado, mirda, nicolaepavelean, fullcoverbetting, richard78624).

ODEM will stay in a trading range between the April 7 low and the August 2 peak until November 29

Posted using Partiko iOS

You were right.

You won. Paid out from @maarnio1

  ·  6 years ago (edited)

ODEM will drop below the April 7 low (7 voters as of 3 PM EST October 28: sqlinsix, freiheit50, skepticology, barbadosso, vicspics, mgood, nzl19500).

  ·  6 years ago (edited)

ODEM will takeout the August 2 peak (7 voters as of 3 PM EST October 28: steemquestions, ace108, diana.feuerberg, lydon.sipe, steemit.nemesis, galasek, sporttr).

Good chart. Good example of how TA works in every market.

As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!

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