KMDBTC
$KMD - LONG - 1D - TRADE IDEAPROS
- Bullish divergence on the RSI Daily
- Currently holding Feb lows
- Price is squeezing in anticipation of a move
- Good R/R for this trade
CONS
- Sill has low volume at this level would like to see a spike in volume
Want to see it hold above its December lows to hold an accumulation and higher lowi if it closes under 1793 I will look to enter again lower
KMDBTC SignalKMDBTC has had a strong bullish engulfing candle off its December trend line and is oversold on the daily time frame. We set four targets up the length of its channel at key resistance points.
Buy:
0.0002128 - 0.0002165
Target 1: 0.0002291
Target 2: 0.0002604
Target 3: 0.0002840
Target 4: 0.0003160
Stoploss: 0.0001978
KMDBTCTook a punt here. Probably not the right candle to be buying tbh but I'm fomoing hard and KMD is one of the coins I haven't increased my stack of in this market so thought I'd take the risk.
I'm hoping for a BTC correction and for lots of that to flow into alts. If not, I'm happy to wait with this coin as KMD is strong.
[KMD/BTC] REVERSAL COULD START HERE [100-200% POTENTIAL PROFIT]#KMD / BTC ( Binance, Bittrex )
Buy Range : 0.00017-18
Stop Loss : Not recommend
Target 1 : 0.000286
Target 2 : 0.00037
Target 3 : 0.00049
WEEKLY CHART
- RSI near oversold zone ( Positive )
- MACD turning from very negative zone to negative ( positive )
- Downtrend trendline not broken yet ( Negative )
- Moving averages above candle ( negative )
DAILY CHART
- RSI has turned from downtrend pattern to uptrend ( positive )
- If daily candle closes above EMA20 it will be a good signal ( positive )
- Double bottom spotted at 15.7k sats ( positive )
- MACD showing some good action ( Positive )
- Ichimoku cloud still above candles ( negative )
- Main descending trendline remains ( negative )
4H CHART
- EMA20 and MA50 crossed and below candles ( positive )
- MA200 has been broken and retested giving some support for now ( positive )
- Ichimoku cloud has been broken and candles stay above it ( positive )
- RSI shows overbought acton , which need to reset before continue up ( neutral )
CONCLUSION
KMD is a very nice coin which got lot of potential.
On the short timeframes its looking good as other altcoins. It can be bought on pullbacks or when trendline get broken and retested if you want a safe entry.
I think this coin could reach higher positions if market turns to bull, so, i wil be updating as other ones if we reach our targets.
Good luck
$KMD Showed highest trade volume in Binance history$KMD Showed highest trade volume in Binance history, confirming the switch as resistance-->support of the ~2277sats level.
Currently some retrace (RSI bearish divergence) after the 60%+ Candle can be expected
Entry close to the green box seems a good option for future trades #KMD