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KMD

THE RETURN TO GLORY!KMD has broken out of the (861 days) downward trend line and is currently testing support on the 4 hour chart. This thing has been coiling forever and an increase in volume has been occurring at KMD's bottom since October 2019. There is naturally some resistance points (red squares) but as momentum gets going I do not expect they will be to difficult to bust through (except for the ATH). What goes up must come down; the next year should be fun to watch. THIS IS NOT FINANCIAL ADVISE; Y'ALL ARE ADULTS! CRYPTO IS HIGHLY VOLATILE.
Long
by DuubDigital
KMD/BTC 12h (Binance) Descending channel & triangle breakoutTA: Komodo just broke-out that ascending triangle and got rejected on upper-line channel. I'm expecting a pull-back to retest support then a new attempt to break higher, better wait for entry. Current Price= 0.0000665 Buy Entry= 0.0000636 - 0.0000612 Take Profit= 0.0000680 | 0.0000771 | 0.0000839 Stop Loss= 0.0000568 Risk/Reward= 1:1 | 1:2.63 | 1:3.84 Expected Profit= +8.97% | +23.56% | +34.46% Possible Loss= -8.97% Fib. Retracement= 0.382 | 0.5 | 0.786 | Margin Leverage= 1x Estimated Gain-time= 480h
Long
by TradingOn
6
KMD / BTC Channel 111%. Reversal zones. Work on a coin.After the price exited a descending wedge, a horizontal accumulation channel formed. External channel width 111%. Domestic about 50%. Liquidity is average. The channel and pivot zones are shown on the chart. Price fixing above the channel resistance level (yellow zone) may serve as confirmation of further growth. Not overcoming this zone can serve as a price reduction to the indicated important channel support zone. Further, how the price will react to this support zone. Now is not a good entry point, as there is uncertainty in the further price movement. Tool for observation. Good potential entry points: 1) When fixing the price above the resistance of the current channel (yellow zone). 2) Entrance from the bottom of the active channel upon confirmation of support. Stop loss Set Stop Loss value with calculation of your trading strategy and money management. Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work. The first potential target showed on the chart. 1) From channel resistance in case of consolidation + 60% and if the uptrend will develop even higher. 2) From the bottom of the channel about + 111%. The previous trading idea for this coin gave + 55% from the moment of breaking the resistance of the downward wedge.
by SpartaBTC
KMD/BTC could be pushing higher soon#KMD / BTC ( Binance ) Buy Range : 0.0000708 Stop Loss : Daily close candle below 0.0000660 Target 1 : 0.0000890 Target 2 : 0.0001100-1250 area After almost a year of consolidation, many of the altcoins are starting to outperform Bitcoin. We have already seen how ADA, DOGE or LUMEN among many others have provided many benefits. I think Komodo is a currency that has historically increased its price very well in periods when altcoins have dominated In the technical section, the price action has resisted the support of 500 sats. Now it appears to be forming an ascending triangle pattern. The first logical objective to take profit is resistance that has already been tested several times. From there, we could see how it reaches the next FIBO point after testing the support if this coin is able to maintain strong pressure. As for the technical indicators and the price, just to say that they are Bullish in all the timeframes, and that there should be no major problems while the price holds the support. Good luck ! More trading signals in my telegram channel.
Long
by MikeCryptoSignals