KMD KOMODO- simple chart short term bearish, long term bullish5/22/18
- KMD currently bound in this symmetrical triangle and heading to logical support levels at 3350-3100 (entry point)
- then we'll need to see a break above the symmetrical triangle to consider a bullish reversal pattern
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
KMDBTC
KMDBTCOur analyzes are based on the Elliotts theory to determine the main trend, the targets of waves based on Fibonacci, Resistance - Support Zone. Also, we use indicators like EWO, MACD, MA50, Ichimoku, BB to confirm the end and start of a trend.
4H: KMD is ending wave 2. It's going to wave 3 soon!
TRADE INSTRUCTIONS
Buy in: 0.0003715 - 0.0004029
Targets:
(1) 0.0006289
(2) 0.0006650
(3) 0.0007326
(4) 0.0007807
(5) 0.0008420
Stop loss: (Stop loss will be updated in detail when happening)
At present, we recommend that you sell in short-term to turn around the capital to another altcoin to maximize profits.
If you find our post useful, please give us a BIG LIKE Your support will be a great motivation for us to update chart every day! If you have any opinion about this chart, don’t hesitate to comment below! The discussion will make us better! Thank you, guys!
Komodo would probably resume its uptrend again...Technical analysis:
KOMODO/BITCOIN is in a range bound and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.000326 to 0.000278), if so , traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.000326)
Ending of entry zone (0.000278)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00040
TP2= @ 0.00045
TP3= @ 0.00052
TP4= @ 0.00059
TP5= @ 0.00066
TP6= @ 0.00088
TP7= Free
Komodo would probably resume its uptrend again...Technical analysis:
KOMODO/BITCOIN is in a range bound and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.000326 to 0.000278), if so , traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.000326)
Ending of entry zone (0.000278)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00040
TP2= @ 0.00045
TP3= @ 0.00052
TP4= @ 0.00059
TP5= @ 0.00066
TP6= @ 0.00088
TP7= Free
KMD weekly consolidationKMD is consolidating on the weekly, if there is a close above the bottom line then I believe we will see some resistance at the top blue line. I don't think KMD is fully done with its last market cycle yet so it may need more time before breaking the long term weekly resistance (red line). Weekly MACD is also close to crossing. Criticisms and feedback are welcome.
KMDBTC triangle break and test opportunity setupTA:
- finishing 5th subwave of 1st wave
- triangle breakout and test with 61.8% retracement
FA:
- nil
TP:
- will take 50% profit for 1st tp
- 2nd tp will exit based on the lower tf trend breakout.
Conclusion:
-Overall still a good trade and textbook trade based on chart pattern.
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
Looking for accountability partner in the trading journey and grow as professional trader
KMDBTC - STARTING WAVE 3Our analyzes are based on the Elliotts theory to determine the main trend, the targets of waves based on Fibonacci, Resistance - Support Zone. Also, we use indicators like EWO, MACD, MA50, Ichimoku, BB to confirm the end and start of a trend.
4H: KMD is starting wave 3.
TRADE INSTRUCTIONS
Buy in: 0.00042739 - 0.00045961
Targets:
(1) 0.00067716
(2) 0.00075120
(3) 0.00083294
(4) 0.00096519
(5) 0.00117917
Stop loss: (Stop loss will be updated in detail when happening)
At present, we recommend that you sell in short-term to turn around the capital to another altcoin to maximize profits.
If you find our post useful, please give us a BIG LIKE Your support will be a great motivation for us to update chart every day! If you have any opinion about this chart, don’t hesitate to comment below! The discussion will make us better! Thank you, guys!
Retrying the Edge to Edge trade on KomodoI recently had a loss on a stopped out E to E trade on KMD and a few of my others. Nearing the end of the day KMD is closing above the Kijun, in the cloud, and with a TK cross on the Daily. All these considered I will enter the trade with the close fulfilling all the above conditions. Just because a trade failed once doesn't mean you shouldn't try it again (with good conditions of course).