$KMD is criminally undervalued...broke descending triangle$KMD has more value to it than most coins out there with Privacy, Barterdex, Jumblr and more on the way...TA shows we broke the descending triangle to the upside and bounced off the old resistance as new support...2018 should be massive for Komodo!
KMD
$KMD #Komodo - Taking this for a short term bull swingIm going to take KMD for a spin right here for the following reasons.
1. Daily triangle popped to the upside.
2. Daily cloud support with triple bottom.
3. Daily bull fractal
4. Daily MACD bullish cross coming
5. Daily upward OBV trend commencing
1. Hourly bottoming out at the SMA (median)
2. Hourly bull fractal
3. Hourly upward trend in BBWidth
4. Hourly change in squeeze momentum incoming
Going to look to hold for a few days and set my limit sell for around 70000 sats for a swing trade. Setting Stop around 55000 sats.
KMD Narrowly Escapes Short-BearKMD recently had a TK cross that created a bullish opportunity leading up to the right circle.
The right circle indicated a "K over T" Cross that DIDN'T happen, therefore, no bearish moments for at least a few hours. The volume indicator shows a large uptick recently.
We'll see where it goes from here, I'm suspecting down since the RSI indicates that its at its upper threshold (double topped).
Late entry into Komodo - Approx 60% discountSorry I've been busy team as per twitter, been creating an alt tracking spreadsheet.
Don't know too much about this coin so keep stop close, suggest 4500-4600ish range. MacD, RSI, storch RSI overlay and even ADX all looking good for a rebound.
Only thing to be wary of is relatively low volume.
Komodo Uptrend To ContinueFollowing the previous idea on Komodo , it has reached the upside target at $7 and broke higher reaching the $14.4 high. The corrective wave down followed while price rejected the support 727.2% Fibonacci, that is $7.1.
Currently, it seems that the uptrend is likely to continue to test next Fibonacci resistance level at $1727.2% retracement level, that is $14.7. While the support is holding, uptrend should remain valid pushing Komodo to new all-time highs. Break and close below could invalidate bullish outlook.
Komodo Consolidating and soon Moving UPWARDSLove the fundamentals of Komodo.
Bounding between strong support and strong resistance.
My guess is it breaks out of this triangle and creates a whole new leg and wave up.
If you spot the break out of the triangle with a strong green bar and strong volume...BUY!