KOMODO ⭐ Long Term Spot Plan
Updated
Hey guys!!
Well this is a coin request and I'm glad to be able to share my views on this project. As I've marked in the chart, I placed icons to help notice important areas to take actions from.
Reality is that this coin is under a ranging market at the moment but based on ALL TIME flow, this is still bullish as its structure has never been broken (0.14 - 0.13) -> BEST possible prices to have ever bought this coin at.
1) BUY icon for the buy zones displayed in yellow rectangles. I believe these areas are great to take a spot position. You can also buy the breakout of the range if you want to secure the bullish reversal bias OR if you like it hard, take a risk and buy support hoping that it would eventually break the range.
2) If the purple line gets crossed that would mean a strong bull market may just be taking place by that moment and if that happens HOLD for the ultimate target the ALL TIME HIGH.
3) Long term targets to take partial profits as price gets there:
1 dollar
4 dollars
12 dollars
It could take months and a really long time but when the bull run begins this is going to fly to targets marked above and could even go BEYOND.
Tip of the day: Have a plan to manage assets and money properly. If you got stuck in the wrong side of the trade, don't worry, it happens to the best of us. There's always a chance you could still get a chance to buy lower, just be alert and patient.
Keep it shiny ⭐
Kina, The Girly Trader
Well this is a coin request and I'm glad to be able to share my views on this project. As I've marked in the chart, I placed icons to help notice important areas to take actions from.
Reality is that this coin is under a ranging market at the moment but based on ALL TIME flow, this is still bullish as its structure has never been broken (0.14 - 0.13) -> BEST possible prices to have ever bought this coin at.
1) BUY icon for the buy zones displayed in yellow rectangles. I believe these areas are great to take a spot position. You can also buy the breakout of the range if you want to secure the bullish reversal bias OR if you like it hard, take a risk and buy support hoping that it would eventually break the range.
2) If the purple line gets crossed that would mean a strong bull market may just be taking place by that moment and if that happens HOLD for the ultimate target the ALL TIME HIGH.
3) Long term targets to take partial profits as price gets there:
1 dollar
4 dollars
12 dollars
It could take months and a really long time but when the bull run begins this is going to fly to targets marked above and could even go BEYOND.
Tip of the day: Have a plan to manage assets and money properly. If you got stuck in the wrong side of the trade, don't worry, it happens to the best of us. There's always a chance you could still get a chance to buy lower, just be alert and patient.
Keep it shiny ⭐
Kina, The Girly Trader
Note
Still in the ranging zone, good to enter!Note
It faked out the resistance and went back into the range so still giving entry opportunitiesNote
It hasn't broken down the trendline support so still looks great to buyNote
Bouncing from the area trendline upwards, it's looking good so far!Note
After observing price over the past weeks. I think we can say a sort of triangle pattern has formed. I'm waiting either for the breakout or breakdown then react accordingly.Note
We've got the breakdown of the trendline so there we go into the next buy zone:Note
Weekly Timeframe:KMD is stuck in the middle so no action should be taken unless it's part of your trading strategy. For example, it broke out nicely with strong momentum upwards piercing the cloud and now it's retesting it and seems like it found support in the cloud so far. If it pierces it then we can estimate it will go down to the support zone of the bigger range area at 0.15 - 0.28
Note
No major movement update here, it just keeps ranging but it might just give another buy signal, if it enters once again into the buy zone. Make sure to set up buy price alerts on this zone:Note
We are in the BUY ZONE again
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