KMD
KMDBTCTook a punt here. Probably not the right candle to be buying tbh but I'm fomoing hard and KMD is one of the coins I haven't increased my stack of in this market so thought I'd take the risk.
I'm hoping for a BTC correction and for lots of that to flow into alts. If not, I'm happy to wait with this coin as KMD is strong.
[KMD/BTC] REVERSAL COULD START HERE [100-200% POTENTIAL PROFIT]#KMD / BTC ( Binance, Bittrex )
Buy Range : 0.00017-18
Stop Loss : Not recommend
Target 1 : 0.000286
Target 2 : 0.00037
Target 3 : 0.00049
WEEKLY CHART
- RSI near oversold zone ( Positive )
- MACD turning from very negative zone to negative ( positive )
- Downtrend trendline not broken yet ( Negative )
- Moving averages above candle ( negative )
DAILY CHART
- RSI has turned from downtrend pattern to uptrend ( positive )
- If daily candle closes above EMA20 it will be a good signal ( positive )
- Double bottom spotted at 15.7k sats ( positive )
- MACD showing some good action ( Positive )
- Ichimoku cloud still above candles ( negative )
- Main descending trendline remains ( negative )
4H CHART
- EMA20 and MA50 crossed and below candles ( positive )
- MA200 has been broken and retested giving some support for now ( positive )
- Ichimoku cloud has been broken and candles stay above it ( positive )
- RSI shows overbought acton , which need to reset before continue up ( neutral )
CONCLUSION
KMD is a very nice coin which got lot of potential.
On the short timeframes its looking good as other altcoins. It can be bought on pullbacks or when trendline get broken and retested if you want a safe entry.
I think this coin could reach higher positions if market turns to bull, so, i wil be updating as other ones if we reach our targets.
Good luck
$KMD Showed highest trade volume in Binance history$KMD Showed highest trade volume in Binance history, confirming the switch as resistance-->support of the ~2277sats level.
Currently some retrace (RSI bearish divergence) after the 60%+ Candle can be expected
Entry close to the green box seems a good option for future trades #KMD
There is a possibility for the beginning of an uptrend in KMDBTCTechnical analysis:
. KOMODO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00017400 to 0.00015600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00017400)
Ending of entry zone (0.00015600)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000196
TP2= @ 0.000223
TP3= @ 0.000278
TP4= @ 0.000312
TP5= @ 0.000423
TP6= @ 0.000512
TP7= @ 0.000601
TP8= @ 0.000728
TP9= @ 0.000880
TP10= Free
KMD on its way to a double top??Daily timeframe looks good.EMA 200 could act as resistance, thats where i put my first target. But my guess is we will break it and go towards the previous high where we saw some harder resistance.
KMD is getting supported by a bunch of moving averages on multiple timeframes.
Lower timeframe indicators tell me we could go down a bit before making another run. 15 min charts shows we could go down to 1800 range first.
There is a trading opportunity to buy in KMDETHTechnical analysis:
. KOMODO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004940 to 0.004190). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004940)
Ending of entry zone (0.004190)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.005660
TP2= @ 0.006200
TP3= @ 0.007140
TP4= @ 0.009770
TP5= @ 0.011890
TP6= @ 0.014000
TP7= @ 0.017000
TP8= Free
KMD-BTC Long Trade PlanCommodity : KOMODO
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1 Week
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 8% to 24%
Prospective Loss : 4%
RRR : SL to TP1 is 1.71, SL to TP2 is 2.92, SL to TP3 is 3.92 and SL to TP4 is 5.05
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)