Potential Pitchfork FormationI don't have much time to write at the moment, but I would like to post this. It looks like BINANCE:KMDBTC could potentially be forming a pitchfork trend here. We have a potential top, middle, and bottom, and have had a nice uptrend the past few days. In addition, we've had two wicks break above the 21 Day (blue) on 7/25 & 8/3, potentially signaling a switch in momentum.
If this trend holds, it doesn't look like KMD will be much cheaper than this. Many of the other altcoins are still waiting for their rallies, but this one may be starting early with BTC. I could be wrong, but I'm liking how this chart is looking.
Thanks for reading, stay smart out there.
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Dillon Seals
KMD
Komodo is also a bargain buy right now, 200-300%?Hello people,
As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The scenario is called: buy the rumour, sell the news. Currently we see a huge dump going in to a significant big event for the market (and a small dump after): sell the rumor, buy the news.
Right now one of my favourites: Komodo.
Against BTC it's approaching a very important support zone (posted on Twitter). On USD the same applies here. Depression phase with strong falling wedge and in the last drops some more falling wedges created + support area in USD from the rally before the rally initially started.
Also. This is against USD. If you assume that Komodo is going towards $4 from here, without moving in BTC value, then BTC has to go to $22.300 from here, unlikely, right?
Indicators:
WAN/USD:
1 Day: Strong bullish divergences on RSI, Stoch, MACD and histogram.
2 Days: Very strong on the 2 days as well.
3 Days: Bullish divergences everywhere too.
4 Days: Bullish divergences Histo, Stoch, MACD and RSI.
5 Days: Histo bullish divergence, MACD postivie cross. Stoch bottomed out.
1 Week: Same as on 5 Days.
Same conclusion on KMD/BTC. 3 Days RSI no bullish divergences, but turning here in the next few days creates one on the Stoch. RSI on 3D is <20.
Concluding from here we can combine the two charts and state that not only BTC is moving upwards, but the altcoins will follow in the next few weeks.
Main target zone for the disbelief phase for me is first around $3,50-4,00.
Komodo is also a bargain buy right now, 200-300%? Hello people,
As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The scenario is called: buy the rumour, sell the news. Currently we see a huge dump going in to a significant big event for the market (and a small dump after): sell the rumor, buy the news.
Right now one of my favourites: Komodo.
Against BTC it's approaching a very important support zone (posted on Twitter). On USD the same applies here. Depression phase with strong falling wedge and in the last drops some more falling wedges created + support area in USD from the rally before the rally initially started.
Also. This is against USD. If you assume that Komodo is going towards $4 from here, without moving in BTC value, then BTC has to go to $22.300 from here, unlikely, right?
Indicators:
WAN/USD:
1 Day: Strong bullish divergences on RSI, Stoch, MACD and histogram.
2 Days: Very strong on the 2 days as well.
3 Days: Bullish divergences everywhere too.
4 Days: Bullish divergences Histo, Stoch, MACD and RSI.
5 Days: Histo bullish divergence, MACD postivie cross. Stoch bottomed out.
1 Week: Same as on 5 Days.
Same conclusion on KMD/BTC. 3 Days RSI no bullish divergences, but turning here in the next few days creates one on the Stoch. RSI on 3D is <20.
Concluding from here we can combine the two charts and state that not only BTC is moving upwards, but the altcoins will follow in the next few weeks.
Main target zone for the disbelief phase for me is first around $3,50-4,00.
$KMD, Weekly Wick Fill To 18000
Weekly
Looking at our trend timeframe we see price has came up to 28000 to test for resistance, and has since been retracing towards the downside. Stochastic RSI showing momentum in favor of the bears, next major support level at 15000. Expecting KMD to fall to 18000 at the bare minimum because of last week’s wick needed to be filled.
Daily
Shifting over to our pattern timeframe we see price respecting a bearish parallel channel, now looking to find support at the bottom of our channel. Stochastic RSI showing momentum has peaked and we should see momentum temporarily head towards the downside.
KMDKMD
Mid to long term
Mixed signals on this one. It looks like someone, or several someones are attempting to drive price down and accumulate this coin. See the strong price drops on weak volume and smaller price pumps on strong volume. So this activity could be throwing some indicators off. Bearish TK cross inside a red cloud is usually and exit signal. So, I would not buy it until it exited the cloud and had a bullish cross, or it drops down and bounces off the bottom of the cloud.
Generally though the thought of Laughing Monkey, "Throw a dart at any coin right now and it will pump," is still true, but I think there will be a better time to buy this coin in the near future. Long term I doubt it will go a lot lower than this, and the upside potential is a much greater reward imo than the downside right now. My SL would be below the trend line.
There is a possibility for the beginning of uptrend in KMDBTC Technical analysis:
. KOMODO/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
. While the RSI downtrend #1 and the price downtrend in daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000226 to 0.000178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000226)
Ending of entry zone (0.000178)
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 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= @ 0.000278
TP2= @ 0.000325
TP3= @ 0.000400
TP4= @ 0.000472
TP5= @ 0.000551
TP6= @ 0.000660
TP7= @ 0.000880
TP8= Free
There is a possibility for the beginning of uptrend in KMDBTC Technical analysis:
. KOMODO/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
. While the RSI downtrend #1 and the price downtrend in daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000226 to 0.000178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000226)
Ending of entry zone (0.000178)
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 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= @ 0.000278
TP2= @ 0.000325
TP3= @ 0.000400
TP4= @ 0.000472
TP5= @ 0.000551
TP6= @ 0.000660
TP7= @ 0.000880
TP8= Free
Komodo manipulation againNever Be Manipulated Again
Today at 1:00 PM
jl777 founder of Komodo ask everyone in official telegram group for selling KMD to him and he said:
"jl777: ok, please sell your KMD to me, I have 65BTC or orders waiting to be filled"
We will investigate this issue and get back to you with more info's soon
You're reading this because you have reached an “enough already” point in your life. Or someone really manipulated you into doing something you didn't want
$Komodo W/ Wings...Wait... $KMD
Weekly
Looking at our highest timeframe we see KMD has been in aggressive downtrend since December 2017, lower high recently formed back in April 2018. Stochastic RSI showing us momentum is heading towards the downside. Potential double bottom formation at 35000.
Daily
Shifting over to our pattern timeframe we see price has broke out of its descending wedge, only to find resistance at 45000. Lower highs were formed at 44000 and slightly above 40000. Stochastic RSI showing sun momentum looking bullish. A daily close above 35000 activates our trade.
Conclusion
After daily close above 35000
$KMD Road to $250KMD is setting up for a breakout. Dico's have been rolling out on the KMD platform driving more demand, also the 5% annual interest on holding KMD in the agama wallet will attract projects to lock up some of the KMD they raise. Their BarterDex is by far the best tech in the space. New GUI will follow this year.
KMD got me ALL bothered. if you aren't bagging up Komodo right now, you are playin yourself! not only does KMD reward you for holding, its also gonna go up in value. double whammy. 10. 20. 40% gains possible short term like week or so.
15,644% gains for hodl masters
HYPERDEX GONNA BE AWESOME. CHECK IT OUT.
i probably wont sell what i buy until the end of the year fiasco. and then only to BUY MORE AT THE DIP. HODLLLLL