KMD Bullish running into oversold zoneKMD has broken out of its bearish trend at the vertical blue line. KMD is looking to establish new support after it runs into oversold RSI and ADX. KMD is a legit project with the first decentralized exchange BARTARDEX to offer atomic swap. A very underrated project with strong developers, lots of github commits, and read this medium.com
KMD will blow your mind and they are definitely going to disrupt the crypto space. One of my high recommended buy coins.
KMD
Komodo cup handle poised for breakoutKMD having formed a giant parabolic cup in the last few weeks is coming up to a handle formation.
It is now moving downwards in a channel forming the handle and possibly nearing the bottom and ready to break out to the upside,
target (in green)
0.0005695 or Fib 1, whichever first
Points of resistance:
Fib 0.5 (0.0004952)
Fib 0.618 (0.0005122)
Fib 0.786 (0.0005363) to 0.0005506
Entry: you can wait for confirmation on the breakout before buying in to be sure.
Stop loss would be bottom of the channel, where it exits to the break out.
Profits: Take profits along the way, I typical sell portions of my position to secure profits along the wya, before each points of resistance.
Goodluck!
Komodo VS Bitcoin Slow ReversalKomodo has established support and resistance areas, around 30k and 90k satoshis. Price continues to range between those levels, and currently is at the bottom of the range. 76.4% Fibonacci retracement level is being rejected, confirming the potential bottom of the current wave down.
From the 30k satoshis area, the price is likely to start moving upwards, although it could be a very slow reversal that could take another month. First of all KMD/BTC has to break above the downtrend trendline, with a daily close above 45k satoshis. And secondly break above 60k satoshis should confirm a strong move up, that should take price up to 88k, 100k or 122k satoshis levels. In the unlikely event, when the 30k support is broken, Komodo could get back to 17k satoshis level.
There is possibility for the beginning of uptrend in KOMODO/USDTechnical analysis:
KOMODO/DOLLAR is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 38.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (2.11 to 1.55), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (2.11)
Ending of entry zone (1.55)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 3.38
TP2= @ 5.02
TP3= @ 5.97
TP4= @ 7.20
TP5= @ 8.61
TP6= Free
KMDUSD , weekly update:Total profit 539422095 in 16 days.!KOMODO/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support zone (2.11 to 1.55), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (2.11)
Ending of entry zone (1.55)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 6 BUY trade(s) @ 2.65577905(day close price) based on the reversal candle (Trough) & (the Bullish Exit in Daily RSI ) at 04.02.2018.
Total Profit: 539422095
Closed trade(s): 72422095 Profit
Open trade(s): 467000000 Profit
Closed Profit:
TP1 @ 3.38 touched at 04.12.2018 with 72422095 Profit.
Open Profit:
Profit for one trade is 3.58977905(current price) - 2.65577905(open price) = 93400000
5 trade(s) still open, therefore total profit for open trade(s) is 93400000 x 5 = 467000000
All SLs moved to Break-even point.
Take Profits:
TP2= @ 5.02
TP3= @ 5.97
TP4= @ 7.20
TP5= @ 8.61
TP6= Free
Technical analysis:
Komodo/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 61.
Komodo - Fundamentally Great and Bargain Buy!Komodo, great coin with a great team and a great month ahead.
Not a particular marketing wise great team, but what I've seen from them development wise, they have a bright future coming.
For this I've the Komodo / BTC chart. Let's first discuss the Komodo / USD chart a bit.
Conclusion: the same as Stratis. Retraced all the way back towards the support box around $2.30-2.70, which it has been in at the beginning of Q4 2018 and which is a pretty big support area. Falling wedge scenario, small bullish divergences on the daily can be seen too. Bollinger Bands squeezing, so there's some volatility coming.
Then we've the Komodo / BTC chart, a chart I've discussed earlier with Elliott Waves, which I won't be using now.
Again a falling wedge, after the same falling wedge from September towards December. Pretty massive breakout afterwards.
Right now, pure technical:
- Bullish divergence on the rSI
- Bullish divergence on the Stoch RSI
- Bullish divergence on the CCI
- Bullish divergence on the MACD
All on the daily --> gives confidence.
Red flag: no real volume yet, which is slowly building up.
Fundamental wise it's a big month for Komodo with ICO's and an airdrop. And I'm expecting a lot from this project, probably one of the few platforms being a real concurrent for Ethereum.
Conclusion: we're in a bargain buy area for Komodo. Expecting a little sideways pattern for the coming days awaiting what Bitcoin wants to do. When BTC breaks the $7.300 downtrend zone on the logtrend scale I'm expecting that this one will make a significant upwards movement just like we've seen earlier.
KMDBTC , There is a good opportunity to buy in Komodo .Technical analysis:
KOMODO/BITCOIN is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 56.
Trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.000326 to 0.000278), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000326)
Ending of entry zone (0.000278)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.00040
TP2= @ 0.00045
TP3= @ 0.00052
TP4= @ 0.00059
TP5= @ 0.00066
TP6= @ 0.00088
TP7= Free
Komodo could be $35 Next year ! +1200% EasyHello World,
Komodo platform keep updating Road-map with hard work inside SuperNet !
We can't hide that KMD Team won't support the price of KMD behind exchanges ! that why many small groups try to control the KMD price !!
But we believe that Hard work will keep Komodo move like Dopamine in crypto world ^^'
Technically Komodo is Falling now ! But Truthfully Komodo is bullish now ;)
We expect +1200% from now to next year Naturally ^^'
Holders , Please keep that in your mind next year we expect KMD price to 35$ or 40$ Naturally and without any support or pump ^^'
New investors , Please Join us, Hard work inside this Project ^^'
Komodo Team , Please don't give up ^^'
Best regards.
KOMODO Expected Next Month Hello World,
Kmd now in oversold and panic zone !
After new website of KMD Platform and many new updates in Agama, we can't see any movement from support or investor, that why the price of KMD down to 2.32$ !!
In April we expect new marketing strategy from Komodo Team, and Ico'd that will give more potential to this E currency.
We hope best of luck for the new investors. and we think at that price it's not bad to buy and hold for short or long term.
Holders just don't panic Komodo is independent from Bitcoin price ;)
Best Regards
KMD/BTC how about a highly volatile trade?Hi!
I don't usually trade relatively volatile crypto but lets give it a shot for this one!
lets start of with the following statement:
THIS IS HIGHLY VOLATILE, USE A SMALL POSITION SIZE.
just take a look at those numbers for the risk and reward. Those are big numbers, volume is weak and it can move rapidly.
so to minimize risk use a adjusted position size, a small one.
For the trade setup:
KMD/BTC is has been in a down trend for a longtime now and is nearing a strong support area that used to make KMD move up hard.
now the trade here is betting on it to stop going down and to start going up from the buy zone, this is adding more risk since the trend is still down at the time of writing so make parameter for yourself on how and when the price is showing signs from going up, because that needs to happen for this to be profitable.
-volume weakening
-strong cycle pattern
-fractal nature of KMD
-cloud tests
- EMA gaps
there are 2 buy zones, defined by 2 different stop losses. making different profit/loss situations!
Gains and losses are on the chart, always sell a tiny bit below the line to make sure it gets hit.
I will update this chart with bullish signs if I see them but I strongly suggest everyone does the same.
I will only trade this if we get a bullish sign(s).
As always,
Happy Hunting!
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I will not and cannot be held liable for any actions you take as a result of anything you read here.