Komodo (KMD) formed bullish Shark | A good buy opportunityHi dear members , hope you are well and welcome to the new trade setup of Komodo ( KMD )
Our last successful trade of KMD was below:
Now on a 4-hr time frame, KMD has formed a bullish Shark move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Kmdbullish
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
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)