Komodo - Sleepy and Low Volume, but Breaking Out
Updated
Frankly the only reason I paid any attention to this coin is because they achieved an atomic swap with Bitcoin Cash.
Bitcoin Cash is an exceedingly big deal and a sleeping giant. 2018 will show that, and so I started to take a look into this coin.
I know virtually nothing of its fundamentals besides that it's a d0x exchange protocol/token.
This is a 12 hour chart and it's a long term chart. This coin is capable of much, much more than this target when it really starts to go.
It's just now breaking out of a long term bear trend.
It's a good opportunity and a trade merely back to a retest of the prior trendline is worth a risk:reward of 4.14
Let's see what this coin can do. Trade thread on Yours.org to come.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
Bitcoin Cash is an exceedingly big deal and a sleeping giant. 2018 will show that, and so I started to take a look into this coin.
I know virtually nothing of its fundamentals besides that it's a d0x exchange protocol/token.
This is a 12 hour chart and it's a long term chart. This coin is capable of much, much more than this target when it really starts to go.
It's just now breaking out of a long term bear trend.
It's a good opportunity and a trade merely back to a retest of the prior trendline is worth a risk:reward of 4.14
Let's see what this coin can do. Trade thread on Yours.org to come.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
Note
Trade this coin on Binance instead of Bittrex. Fees are 0.1% instead of 0.25% Link is in my signature, below.
Trade active
This has already moved upwards since I originally posted. Congratulations to all on sitting in profit. Feels good, doesn't it?Guided trading post on Yours.org (in my signature) for those interested.
Updates will come as the day progresses.
Note
New update to Yours.org trade post. We consolidate quietly, but that's actually very bullish.Note
Target already hit. Congratulations to everyone trading this and all Yours.org readers. Update to Yours.org trade thread with new ideas.
Trade closed: target reached
In light of the corrections happening across all markets while BTC also dumps, and in light of the fact that KMD has broken through the trendline without showing momentum to regain it, I've made the final update to the trading thread on Yours.
We hit target on a 4:1 RR trade though. Thank you guys for reading!
Note
I've updated the Yours.org trading post once again now that we've had four hours and the market hasn't crashed and Komodo price has regained its trendline. Next stop, up more. Details in the trade thread.
Note
So, this is looking pretty good despite all markets besides Ripple correcting because BTC is dumping. Interesting. Trade still active.
Note
Trading at 8354 on Binance (use the link in my signature). Bittrex sucks.
Trade closed: target reached
Komodo actually held during giant market correction quite well. I'm not a fan of holding altcoin trades during correcting markets because everything becomes a bloodbath.
That being said, it is worth noting its price action.
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