KMD / BTC - Path to breakout of weekly resistanceKMD appears to be approaching a breakout of its weekly resistance. It made yet another attempt overnight and was rejected.
A strong bearish divergence provides confluence that we may see a move back down towards the bottom of its channel before we make another breakout attempt on weekly resistance (approx ~330-350)
Let's see what happens, this is one of the few relatively well-known alts that hasn't yet broken weekly resistance, and I believe it still has a good chance but may see a bit more consolidation prior to making a big move.
Targets are displayed on the chart, bottom and top of channel, and if and when we get a real breakout of the parallel uptrend here, we could see it go parabolic. This idea is invalidated if we fall below the channel and fail re-entering.
Short term - Short, bottom of channel
Long term - Long, top of channel, and/or much higher if we cleanly break above it
Thanks for your support, please comment and share any thoughts or ideas you may have as well, cheers!
KMD
KMD/BTC 750% potential from here so read this#KMD/BTC TA Update:-
#KMD currently trading at 315 Satoshi.
I forgot to post chart yesterday when it was 260 Satoshi.
But this is also good price.
Broke out resistance level.
Entry:- 300-320 Satoshi
Targets:-
TP1:- 541 Satoshi
TP2:- 841 Satoshi
TP3:- 1157 Satoshi
TP4:-1522 Satoshi
TP5:- 2117 Satoshi
And above 250 is good to accumulate #KMD/BTC
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🆓Komodo/USDT Analysis (5/3) #KMD $KMDThe buying force is coming to KMD but it still stuck below 1.4$ zone, if it couldn't conquer this zone, it will fall down with Diamond pattern, which can push KMD down to 1$ zone or even 0.6$ zone in this March.
If it conquers 1.4$ zone, it will come back to the ATH at 1.9$ zone or even 2.8$ zone in this March
📈BUY
-Buy: 1.4-1.45$ if A. SL B
📉SELL
-Sell: 1.85-1.9$. SL A
-Sell: 2.75-2.85$. SL A
♻️BACK-UP
-Sell: 1.2-1.25$ if B. SL A
-Buy: 0.98-1.02$. SL B
-Sell: 0.98-1.02$ if B. SL A
-Buy: 0.58-0.62$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
$KMD/BTC 1D (Binance Spot) Descending channel breakout & retestKomodo time is coming, after such downtrend next move up will be massive in my opinion!
Current Price= 0.0000155
Buy Entry= 0.0000155 - 0.0000135
Take Profit= 0.0000238 | 0.0000308 | 0.0000361
Stop Loss= 0.0000361
Risk/Reward= 1:2.02 | 1:3.54 | 1:4.7
Expected Profit= +64.14% | +112.41% | +148.97%
Possible Loss= -31.72%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
KMD/BTC 12h (Binance Spot) Descending channel breakoutKomodo broke bullish at last, first of the falling wedge then of the parallel channel.
And it just pulled back so I believe it's time to re-enter above 50MA!
Current Price= 0.0000323
Buy Entry= 0.0000325 - 0.0000295
Take Profit= 0.0000454 | 0.0000596 | 0.0000705
Stop Loss= 0.0000215
Risk/Reward= 1:1.52 | 1:3.01 | 1:4.16
Expected Profit= +46.45% | +92.26% | +127.42%
Possible Loss= -30.65%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 840h
KMD/BTCVery similar idea to my STEEM/BTC chart.
Trading at the bottom of the channel, may take some time, cut if it breaks and closes below the channel. Otherwise this could move up to 800 sat area. There might be better opportunities with trending coins, but if you want to buy low and wait, this is where you do it.