Komodo / BitcoinLong
KMD/BTC: Update
KMD is a coin I like for fundamental reasons highlighted in my previous KMD chart linked in "related ideas"
Looks like KMD has found a solid support level in the blue box and is bouncing around it. Highlighted to targets / areas of resistance in the red boxes.
If BTC can provide some stability in a range or continue to run, I could see KMD also making some positive moves.
Historically there have been some pretty gnarly pumps that KMD saw, throughout late 2017 and early 2018.
Tight stop on this one in case the blue support breaks down, I could easily see KMD dropping another 20-30% if the bearish scenario happens.
Looks like KMD has found a solid support level in the blue box and is bouncing around it. Highlighted to targets / areas of resistance in the red boxes.
If BTC can provide some stability in a range or continue to run, I could see KMD also making some positive moves.
Historically there have been some pretty gnarly pumps that KMD saw, throughout late 2017 and early 2018.
Tight stop on this one in case the blue support breaks down, I could easily see KMD dropping another 20-30% if the bearish scenario happens.
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