KOMODO - The perfect trade?Komodo looks like it could break that resistance very quickly and have a nice trend up to previous resistances where we might see a pullback. Trade the lines accordingly.
KMD
Komodo (KMD) vs Bitcoin is looking good!The KMD/BTC markets has seen a lot of action over the last few months and weeks. Trying to find a bottom in a market is often what new traders try to do however, it is often more profitable to wait for a trend to confirm a direction and trade accordingly.
Buy zone for me at the moment is between 0.004 and 0.005 and would think about increasing my position if the market starts trading above 0.006. We are currently neutral on KMD.
The Next LISK, NEO, ETH -- To The Moon. KOMODOKomodo is about to make many people very very rich. No technical analysis -- purely FA based. Research it and you will know what I mean.
Best of luck.
KOMODO MAJOR LEVELS & TARGETS!!Cryptocurrency has suffered a large decrease over the past day or so due to the bad market news. Most of the time we always see our self back in the bull market within the same week or so. Therefore, everything should regain strength as FUD settles unless more bad news gets released.
Follow the Support and resistance shown on the graph, Komodo is expected to break out soon unless we fall through the support which is unlikely.
However, since markets have been pretty rough lately always set your stop losses.
Since this seems strong, I currently have mind approx 8% - 10% of the price I bought at.
KOMODO Accumulation on the Fibonacci.Komodo is currently consolidating from its drop on around the 60% area of the Fibonacci retracement. This could be seen as a good indication to buy, within 2 days Komodo will follow the resistance and support drawn on the graph, use these to help your trading decisions. Also, Komodo has recently released an update but it has not seemed to push the price up to any noticeable figure, maybe people are not as impressed as they thought they would be?
BIG announcement: Komodo + Monaize partnership TodayToday #KMD finally announced their BIG announcement. Partnership with Monaize www.monaize.com keep an eye on the price. It broke the support zone and could have a bigger pull back before another rise up.
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KMD/BTC Trade IdeaAfter pumping really well, Komodo has retraced and started to accumulate again. With little historical data, TA is quite difficult, and can not always be relied on. But we can only work with what we have. The price is approaching a solid support line, which has been successfully tested a few time making it quite reliable. As for the Fib levels, we can see that the 0.5 level (~0.00050, not sure why the level numbers aren't there) has been consistently used, so we can expect to see some resistance there. I'm hoping we see a major pump off the support line, so it's looking like we may get some more accumulation for the next few days as it gets closer to the support line. Expecting this to be the first wave of an elliot wave cycle so if it does turn out to be, I'll update the thread once we have more information as it is quite hard to predict a price from just one leg
Set stop just under the support line, so around 0.000260
As for entry price I fell now is a good time to enter. If you zoom into the 1H chart you can see the price is in a ranging bullish channel, so if you are after an exact time to enter I would say once it has broken the resistance line of the channel
KMD To MoonWell, folks it appears KMD is starting a new market cycle so I just picked up an entry out of the bull-flag ;)
