Crypto Contest March 6: Kore

Kore (Bittrex: KOREUSD) 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, Kore began a wave one advance in August 2015. 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 December 2018. If this wave count is correct, Kore should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Kore promotes transactional anonymity for financial transactions as well as phone calls, web surfing, a cross platform operating system, KOREPhone and even web purchases through a proprietary marketplace via the custom-built wallet. You can read their latest update from March 4 below (link).

(Sources: Kore and Kore Update)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Kore will takeout the October 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Kore will drop below the December 2018 low”.

If you think Kore is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Kore will stay in a trading range between the December 2018 low and the October 2018 peak until April 10”.

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

You can upvote the comment until 3 PM EST March 9 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus 1

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Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.