Sometimes you just knit

I'm not entirely sure how this one will turn out. I started with a narrow crescent. No pattern, just an idea and a need to knit. Nothing but knit stitches.  

Then joined in the round. I'm using two cakes of sport weight from Freia Fine Handpaint Yarns. My hope is to end up with a small poncho. I think it more likely I will end up with a cowl. I'm going to soldier on in any case. I love watching ombre yarns change colors. 

Tools and Supplies (affiliate links):
Needles: Knit Picks Options Wood Interchangeable Knitting Needle Set - US 4-11 (Sunstruck)

Stitch markers: CLOVER Lock Ring Markers 20/pkg