Komodo: Time to RebuyAfter Bitcoin rally it pushed a lot of alt coins lower than it needed to go. However, that let us buy these coin at a cheaper price. It is going to be the alt coin turn to shine soon. What are your thoughts?
Trade with care.
Kmdusd
Kmd fuelingGreat opportunity
Upcoming events :
- 07 December 2017
Blockchain Conference
- 15 December 2017
First Ever Atomic Swap
- By 01 January 2018
Bitcoindark swap
Komodo buyVery promising coin.
1. at the level of 0.00029 we see strong support.
2. The highlighted candles represent the "tweezers" pattern after which the turn must follow.
3. The price is in the lower area of the Bollinger bands. the price can jump up sharply
4. The RSI is below 50 and is directed upward, and the stochastic RSI is in the oversold zone and made the cross up.
Relying on this, I expect growth.
Purchase 0.000295
stop-loss 0.00025
target 0.00036-0.00050 (blue lines)
Fix profit in parts
KMDBTC Symmetrical TriangleKMDBTC looks like it's in a symmetrical triangle.
I used lines to mark impulse & correction waves so that you can see price action pattern easily.
Consolidation zones highlighted by white box.
Watch MACD for upward movement.
Watch RSI for upward movement.
This trade seems like it has favorable Risk:Reward and therefore, I will be putting it on my watchlist & setting alerts.
Just be very careful and use stop-losses no lower than slightly below the symmetrical triangle bottom line, as these are known to have aggressive bearish breakouts.
Let's hope that's not the case & see how it plays out.
KMDBTC - If $2.80-.90s hold then it will go back up towards ATH$4.00 expected if it breaks resistance and then anything past that price is open for conversation
KMDBTC Bullish Breakout, Low Risk, High Reward- KMD Undervalued
- Recently hit Floor / ATL
- MACD Bullish
Komodo (KMD) vs Bitcoin is looking good!The KMD/BTC markets has seen a lot of action over the last few months and weeks. Trying to find a bottom in a market is often what new traders try to do however, it is often more profitable to wait for a trend to confirm a direction and trade accordingly.
Buy zone for me at the moment is between 0.004 and 0.005 and would think about increasing my position if the market starts trading above 0.006. We are currently neutral on KMD.
Komodo Finding SupportKomodo had a large selloff after its announced partnership with Monaize. The dump appears to have caesed for the time being, support has been established at the 0.5 level. May be a buying opportunity for those whom have not entered. Keep an eye on this one
