$KMD #Komodo - Taking this for a short term bull swingIm going to take KMD for a spin right here for the following reasons.
1. Daily triangle popped to the upside.
2. Daily cloud support with triple bottom.
3. Daily bull fractal
4. Daily MACD bullish cross coming
5. Daily upward OBV trend commencing
1. Hourly bottoming out at the SMA (median)
2. Hourly bull fractal
3. Hourly upward trend in BBWidth
4. Hourly change in squeeze momentum incoming
Going to look to hold for a few days and set my limit sell for around 70000 sats for a swing trade. Setting Stop around 55000 sats.
Komodo
KMDBTC - Breakout!Time frame - Daily
Suppose, the candle closes above that 20 period moving average, we can assume that the BOOLS are back y'all!
MACD looks beautiful and is about to do the bullish crossover.
RSI pointing upwards as well.
I just need it to have more volume.
Targets:
1st - 9650
2nd - 11794
3rd - 17984
Good luck!
KMD Narrowly Escapes Short-BearKMD recently had a TK cross that created a bullish opportunity leading up to the right circle.
The right circle indicated a "K over T" Cross that DIDN'T happen, therefore, no bearish moments for at least a few hours. The volume indicator shows a large uptick recently.
We'll see where it goes from here, I'm suspecting down since the RSI indicates that its at its upper threshold (double topped).
Komodo Prediction in JanuaryAs the MA 50 catches up to the MA 200 (we want the green line to go above orange and red, in that order), we could see a miniature bull run up. However, the order book is looking more on the sell side than the buy side, so I'm going to be setting progressive sells as it could go up or down. The consensus is that over time, the average price for KMD will continue to increase.
If you want to hold KMD, I recommend putting it into an Agama wallet to accrue 5% interest. If you are interested in this, a great article was written a month ago covering every step [ src ].
Komodo Uptrend To ContinueFollowing the previous idea on Komodo , it has reached the upside target at $7 and broke higher reaching the $14.4 high. The corrective wave down followed while price rejected the support 727.2% Fibonacci, that is $7.1.
Currently, it seems that the uptrend is likely to continue to test next Fibonacci resistance level at $1727.2% retracement level, that is $14.7. While the support is holding, uptrend should remain valid pushing Komodo to new all-time highs. Break and close below could invalidate bullish outlook.
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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