#KOMODO | Breakout Soon Entry : 0.0000715 - 0.0000675 - 0.0000621
Target 1 : 0.0000803
Target 2 : 0.0000908
Target 3 : 0.0001015
Target 4 : 0.0001214
Target 5 : 0.0001600
Stop loss : 0.0000519
Risk/Reward : 24%/150%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
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Kmdbtclong
KMDBTC formed bullish BAT | Upto 80% move expectedPriceline of world's 66th ranked cryptocurrency Komodo (KMD) has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: 0.0000685 to 0.0000609
Sell between: 0.0000867 to 0.0001138
So thi chart would be a good long opportunity for upto 86% bullish move.
Regards,
Atif Akbar (moon333)
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.
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Thanks
Adil Khan