KMDBTC
Komodo Consolidating and soon Moving UPWARDSLove the fundamentals of Komodo.
Bounding between strong support and strong resistance.
My guess is it breaks out of this triangle and creates a whole new leg and wave up.
If you spot the break out of the triangle with a strong green bar and strong volume...BUY!
KMDBTC - January's Rising StarKomodo's already netted us significant gains since purchasing at the dip but this star is looking bullish after consolidation once again.
Indicators:
- MACD crossover,
- Continuation flag
Fundamentals:
-Clif High Linguistic Analysis - "The Komodo coin is surfacing in the data with indications of a 'good' year over 2018. Some sets are focusing on 'platform' and 'performance', while others are describing the 'platform' as being 'extended (into) devices'. The data sets are somewhat less than clear, and do not appear until later in 2018, but the positive values do start to show in late January, with steady growth thereafter through into the 'heady atmosphere' of Crypto Spring beginning in March."
Komodo is actually in the triangleKOMODO is located in a triangle that connects to one of the 2 strong resistance that is the last ATH.
If we break this resistance to the next and the previous largest ATH, we have 17k sat increases (~ 19.5%)
We must stick to attention because currently the price is very low in this triangle and there is a chance that it will come out at the bottom :)
Although in my opinion, the price should go up because on January 1 an interesting event is being prepared :)
Komodo - It's About to SurpriseTrade this coin on Binance instead of Bittrex.
Binance is less shady, more reliable, and fees are 0.05% if you use Binance coin. Bittrex fees are 0.25%. This is significant to your bottom line as a trader.
Please use the link in my signature below to sign up.
I still haven't had a ton of time to do research on Komodo, but I've done some, and they're looking like they could be a long-term quality project to hold.
The atomic swap with Bitcoin Cash for the decentralized exchange is one of many they've done. Something in the range of 1,200 successful atomic swaps.
It's also a decentralized platform for ICOs outside of Ethereum, and that may prove itself to be a big deal in the future since Ethereum can't handle Crptokitties.
That being said, fundamentals are overrated when trading speculative coins. Fundamentals are important, but technicals outweigh all.
Fortunately we have technicals too.
Our last KMD call hit and we picked up an easy 4:1 risk-reward. Price action has since broken out of the downtrend line and stayed there.
Kumo twists green on the 12H after many, many weeks of red.
Price action should now re-test the all-time high and very likely break out.
New trade structure gives us a R:R of 4.75:1, and that's hard not to like.
Trade posts will likely come to Yours.org for this call and the ZCoin call I made last night later today.
ZCoin is already up +$15 from the time of posting. The limited time I had to do research on it last night made me think it may be a sleeping giant of privacy coins and I increased my position.
Happy trading. Let's enjoy the altcoin season while it lasts.
Hopefully it lasts for a long time,
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org
KMD Komodo Interesting Long Term CoinKomodo allows for building your own block chain. " Komodo focuses on providing complete end-to-end blockchain solutions for developers of any level and any industry. It is simple yet powerful, offering customized blockchain solutions that are easy to deploy, and configurable to meet your needs. Our vision is to build a robust ecosystem of partners and developers, where together we create an environment that accelerates anyone’s journey into blockchain technology."
They are about to launch a new website!
KMD 45 MIN QUICK OVERVIEWKMD looks NEUTRAL compared to BTC performance. Los Angeles 2:52PM.
What to look for:
Rising wedge in the price action is a warning number 1.
RSI bearish divergence is a warning number 2.
Macd bearish divergence is a warning number 3.
KMD was slightly bullish enough to enter the clouds where it finds some support.
Komodo - Sleepy and Low Volume, but Breaking OutFrankly the only reason I paid any attention to this coin is because they achieved an atomic swap with Bitcoin Cash.
Bitcoin Cash is an exceedingly big deal and a sleeping giant. 2018 will show that, and so I started to take a look into this coin.
I know virtually nothing of its fundamentals besides that it's a d0x exchange protocol/token.
This is a 12 hour chart and it's a long term chart. This coin is capable of much, much more than this target when it really starts to go.
It's just now breaking out of a long term bear trend.
It's a good opportunity and a trade merely back to a retest of the prior trendline is worth a risk:reward of 4.14
Let's see what this coin can do. Trade thread on Yours.org to come.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org
Komodo vs Bitcoin - Great Timing?Komodo found the support at 17k satoshi, that is 261.8% Fibonacci retracement level applied to the corrective wave after the ascending channel breakout. The rejection was very clean, followed but the wave up which resulted in break above the descending channel.
Current price action suggests that KMD/BTC could be correcting upwards or even reversing for a longer term. Price could rise up to 40k satoshi, where previously Komodo formed a double top. Break above that resistance could result in a continuation of the upwards momentum but it is yet to be seen. Only a daily break and close below the 17k satoshi could invalidate bullish outlook.
Komodo Breakout coming- increasing volume
- breakout from long falling wedge
- bullish price/Kumo cloud cross
- cup and handle about to complete
I believe BITTREX:KMDBTC will be one of the biggest gainers 2018. Chart looks great and there is a lot of potential upwards because of the high price mid last year, not to forget it's a great project.
Good news for the next days/weeks will serve as catalyst for the breakout - coinmarketcal.com
Targets are shown. Don't forget to take profit while the ride.
Trade safe!