KMD on its way to a double top??Daily timeframe looks good.EMA 200 could act as resistance, thats where i put my first target. But my guess is we will break it and go towards the previous high where we saw some harder resistance.
KMD is getting supported by a bunch of moving averages on multiple timeframes.
Lower timeframe indicators tell me we could go down a bit before making another run. 15 min charts shows we could go down to 1800 range first.
KMDBTC
KMD-BTC Long Trade PlanCommodity : KOMODO
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1 Week
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 8% to 24%
Prospective Loss : 4%
RRR : SL to TP1 is 1.71, SL to TP2 is 2.92, SL to TP3 is 3.92 and SL to TP4 is 5.05
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
KMD thoughtsExperimenting with no wicks.
Still learning and here are my thoughts.
Short term bearish:
1. Rising wedge developing
2. Bearish divergence vs. RSI
3. Potential bearish divergence in the making vs. STOCH
Overall very bullish based on high time frames:
1. Price above the kumo on 1D/2D
2. Lagging span currently above the kumo and price on 1D/2D
3. Bullish TK cross above kumo on 1D and currently shows a bullish TK cross forming above the kumo on the 2D
Expecting a move down to the buy area and bounce/move up to the target.
With patience, I think this has potential for some great gains.
Target may be conservative since i'm not using wicks.
Critique and feedback always welcome.
Komodo (KMD) Inverse H&S 1D, buying on pullback! Upto 70% gainBINANCE:KMDBTC
BITTREX:KMDBTC
KMD finally seems to have found a bottom and formed a beautiful Inverse H&S.
RSI and MACD confirm the expectation of upwards move, both holding on the positive side and with a strong uptrend formed.
At the break of the Inverse H&S there was a large candle accompanied by a large volume confirming the strength of the movement.
20MA crossed up over 200MA and now both are pointed up.
Ichimoku is in a green cloud, Chikou is above the current price and Tenkan crossed up from Kijun.
I am making the first buy right now in the pullback and for protection of the position I will leave another buy order below.
In the next comment I will send the complete instructions for this call.
If you can please help me by hitting LIKE, GOD BLESS!
KMDBTC Latest Technical Analysis 110% target projection.You can see the Chart of NEOBTC on Weekly Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
Possible compra en #KMD rebotando en zona de soporte.#KMD esta entrando a una buena zona de soporte (2165 -2140) y si rebota de ella nos puede dar buenos rendimientos a corto plazo en sus próximas resistencias: 2.5% - 4% -9% de ganancias, esperar el reboto y proteger con un stop loss si cae por debajo de la zona de soporte.
Análisis hecho con retrocesos de Fibonacci, extensiones y proyecciones. Patron de 2 pasos. Todo se borro de la gráfica por se veía muy "sucia".
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Envié un correo a crypto@3cservices.co
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KMD/BTC Wyckoff accumulation rangeI am not familiar with the fundamentals of this coin, nor have I read any news about it.
However, a very good example of a Wyckoff accumulation range, complete with the matching volume profile on each step and phase of the accumulation has been formed here.
Waiting for the last step before the markup (phase E) begins.
Needs to show a "sign of strentgh" (SOS) and break above the range high followed by a confirmation of the range high as a new support (not necessary but healthy for further growth).
When we see that happen, this trade has been validated.
Keep in mind, this is a daily timeframe chart, and it might take weeks to play out .
Looking for a potential move of 50-60% here.
Invalidated if the price makes a new low (below 1350)
An illustration of a Wyckoff accumulation schematic can be seen here:
steemitimages.com
For those curious about how Wyckoff method works, more details with the description of each step and phases can be found here:
stockcharts.com