ODEM (ODEUSD) has broken out of the triangle pattern in the daily chart.
(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.
(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)
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".
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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".
(Chart courtesy of Tradingview.com (log scale))
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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).
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ODEM will stay in a trading range between the April 7 low and the August 2 peak until November 29
Posted using Partiko iOS
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You were right.
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You won. Paid out from @maarnio1
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ODEM will drop below the April 7 low (7 voters as of 3 PM EST October 28: sqlinsix, freiheit50, skepticology, barbadosso, vicspics, mgood, nzl19500).
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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).
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Good chart. Good example of how TA works in every market.
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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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Hi @maarnio!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.873 which ranks you at #1257 across all Steem accounts.
Your rank has dropped 1 places in the last three days (old rank 1256).
In our last Algorithmic Curation Round, consisting of 275 contributions, your post is ranked at #151.
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