Crypto Contest May 11: Kamino

Kamino (Bybit: KMNOUSDT) 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, KMNO began a red wave one advance on April 30. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 3 and the red wave two (blue sub-waves a-b-c) correction ended on May 9. If this wave count is correct, KMNO should be heading next towards the May 3 peak in the red wave three.

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

Funnymentals

Kamino offers a suite of products that combine a variety of DeFi primitives to power sophisticated strategies - each wrapped into an accessible, user-centric interface. Seb Montgomery reviewed the project one week ago.

(Sources: https://app.kamino.finance/)

How Will Kamino Trade?

Kamino (Bybit: KMNOUSDT) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below

KMNO will takeout the May 3 peak

KMNO will drop below the April 30 low

KMNO will stay in a trading range between the April 30 low and the May 3 peak until June 16

Posted Using InLeo Alpha