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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00017200 to 0.00015600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00017200)
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= @ 0.000193
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
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.
KMD/BTC: Taking a look Little fundamental analysis here... KMD stands out to me because of its multi-chain architecture. KMD allows its projects to create their own blockchain on the Komodo ecosystem, that allows them from operating truly independently from one another. Along with this, the technology Komodo utilizes allows cross-chain interoperability of blockchains, which can connect the entire network. If a chain on the Komodo network is not meeting performance needs, additional chains can be added to it, boosting performance without affecting inflation or supply. KMD is a Proof of Work consensus protocol but this is delayed due to the fact that the Komodo blockchain stores a notarization onto a Blockhash of the Bitcoin ledger every ten minutes, providing complete protection from 51% attacks from malicious miners.
From a technical point of view here looking at the chart, I am finding a decent level of support here in the blue box around 0.0001700. Down roughly -80% from its high in January, the all time high for KMD was technically in 2017 (box in yellow on chart)
I have highlighted that I think we could easily see a potentially -30% or -40% drop in price if we fall from support around the blue box.
Red box around 0.0003000 I am viewing as resistance/target on a convincing breakout.
I am going to try to long around the blue box if volume appears and stability holds at this range. Would use a tight stop loss under the blue box, weary of the drop mentioned above.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
There is a possibility for the beginning of an uptrend in KMDUSDTechnical analysis:
. Komodo/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.284 to 1.159). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.284)
Ending of entry zone (1.159)
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= @ 1.583
TP2= @ 1.828
TP3= @ 2.280
TP4= @ 2.719
TP5= @ 3.545
TP6= @ 4.639
TP7= @ 5.887
TP8= @ 7.428
TP9= @ 7.428
TP10= @ 11.162
TP11= @ 13.957
TP12= Free
There is a possibility for the beginning of an uptrend in KMDUSDTechnical analysis:
. Komodo/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.284 to 1.159). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.284)
Ending of entry zone (1.159)
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= @ 1.583
TP2= @ 1.828
TP3= @ 2.280
TP4= @ 2.719
TP5= @ 3.545
TP6= @ 4.639
TP7= @ 5.887
TP8= @ 7.428
TP9= @ 7.428
TP10= @ 11.162
TP11= @ 13.957
TP12= Free
KMD / BTC: Close to a breakoutAlmost entered a breakout position at 0.00022 if momentum looked good, following a nice short term trend line, but it all broke down on the Bitcoin move down. Ranging here, looks primed and ready to go whenever it breaks with confidence, otherwise will be accumulating between the levels.
One of the Most aggressive PA on Alts out there.Hi guys, this is my view on Komodo. Recently the price action has started to show aggressive intentions heading north.
The volume is the biggest and most indicative element that this coin wants to go for a moonshot.
Other indicators are extremely bullish, with DMI showing an upside trend formation and ADX line supporting it strongly.
Considering potential rewards that await on this one, I would say the risk is relatively low.
The final confirmation that I am waiting on this one is the break and retest of the 22000 sat horizontal resistence.
Good luck,
AGON