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.
KMDBTC
KMD/BTC 500% pump soon ?🌴FREE COIN ANALYSIS🌴
- Yello ladies and gentlemen💰😎
💎#KMD coin is one of the few ones which can move 500% to the upside in the future.
💎Recently breaking above 200EMA, going back above ichimoku cloud. With the launch of their Antara framework they will be moving into DeFi space - ParadiseTeam don't think this is widely known, nor is it priced in already.
💎Sooner or later market will realize how undervalued this coin is and will start pumping it heavily.
$KMD, Showing really nice volume levels as it flips ~6300sats$KMD
Showing really nice volume levels as it flips ~6300sats back to support w/ UCTS indicator showing a Buy signal on the 12H Timeframe
Aim for an entry as close as possible to support or wait for another Flip/retest to minimize your risk.
Targets: ~7200/8000/8800sats
#KMD
KMDBTC will riseAs you can see, KMDBTC is in 1.27 level in weekly time frame and has made a good support for a long time in this level.
In daily time frame it is in 1.618 Fibonacci which is an anti trend strategy, if it reverses as I predict, it can gives a good profit.
Stochastic in daily is giving a signal as well.
If you feel this is helpful or possible, leave a comment and like it.
RISK/REWARD IS WITH YOU
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
KMD/BTC | Key Level | Range Support | Trade Setup Today's chart – KMD BTC – consolidating at range/structural support. Price holding support validates a long trade to technical targets above.
Points to consider:
- Key level
- 21 EMA visual guide
- Oscillators oversold
Trading at its long-term range support; proceeding a stark correction. Price needs to hold support to form a bullish bias.
Further price action and trend continuation will allow the 21 EMA to act as a visual guide; a trade management tool assisting in defining risk. An S/R flip of the 21 EMA will further support the bullish bias.
The RSI is trading near oversold conditions indicating weakness in the immediate market. Stochastics are reaching oversold conditions and may remain oversold for some time, however, a valid buy cross will indicate momentum shifting on the macro time frame with stored momentum to the upside.
Overall, in my opinion, KMDBTC needs to hold support at this level for a long trade to technical targets above and risk defined below support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
KMD/BTC (3rd Retest Key Support?)KMD/BTC
-The key support at 520 range is about to retest for the 3rd time
-If that level will hold for at least 5-10 days
-There is a high chance of potential bounce reaction up to 700 sat range
-Bearish scenario, a close below the key green support area
-Will send the price to ATL and new price discovery
KMD/BTC is in a BIG BULLISH TRIANGLE!!KMD/BTC is in a BIG BULLISH TRIANGLE!!
There is also news coming up:
Komodo (KMD)
30 September 2020
LibnSPV Upgrade
A good entry would be inside the green target if there is a pullback or retest of the lower trend line of the triangle..
This may be a mid term hold - give it a month or two.
Please keep an eye on BTC, an irrational move from Bitcoin could change this chart dramatically.
Trade safe my friends....
BINANCE:KMDBTC
Komodo looks bullish next weekTrend seems to be bullish as the candles are making higher lows. Also the weekly resistance had been broken as well as it has been tested and rejected, which shows the 622 is a strong support. KMD is going to test the monthly resistance at 809 and may wick above upto 957 level which has been test 3 times before. Third confirmation is that the trend lines are being respected.
716 is the support on the trend line as KMD also broke the trend line. This red weekly candle with a wick below is the first test of the newly made support.
In coming weeks we may see 10 to 15 percent increase, we can wick past that as well upto 957 which would be a 25 percent increase.
I usually dont use indicators, More of a Price Action lover. Indicators like MACD, RSI are great. Gonna use in coming charts.
Trade safe, dont invest your 100 percent in one asset.
Good luck.