Komodo
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.
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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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KMD 45 MIN QUICK OVERVIEWKMD looks NEUTRAL compared to BTC performance. Los Angeles 2:52PM.
What to look for:
Rising wedge in the price action is a warning number 1.
RSI bearish divergence is a warning number 2.
Macd bearish divergence is a warning number 3.
KMD was slightly bullish enough to enter the clouds where it finds some support.
Komodo - Sleepy and Low Volume, but Breaking OutFrankly the only reason I paid any attention to this coin is because they achieved an atomic swap with Bitcoin Cash.
Bitcoin Cash is an exceedingly big deal and a sleeping giant. 2018 will show that, and so I started to take a look into this coin.
I know virtually nothing of its fundamentals besides that it's a d0x exchange protocol/token.
This is a 12 hour chart and it's a long term chart. This coin is capable of much, much more than this target when it really starts to go.
It's just now breaking out of a long term bear trend.
It's a good opportunity and a trade merely back to a retest of the prior trendline is worth a risk:reward of 4.14
Let's see what this coin can do. Trade thread on Yours.org to come.
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Komodo vs Bitcoin - Great Timing?Komodo found the support at 17k satoshi, that is 261.8% Fibonacci retracement level applied to the corrective wave after the ascending channel breakout. The rejection was very clean, followed but the wave up which resulted in break above the descending channel.
Current price action suggests that KMD/BTC could be correcting upwards or even reversing for a longer term. Price could rise up to 40k satoshi, where previously Komodo formed a double top. Break above that resistance could result in a continuation of the upwards momentum but it is yet to be seen. Only a daily break and close below the 17k satoshi could invalidate bullish outlook.
KMD buy opportunity - LongKMD has strong fundamentals and is considered as a long-term investment. The previous drop got the price to the support line 26000 sats, which is a good entry point.
Price is getting closer to the end of the flag and is rather unlikely that the price will further drop.
ADX DI gives at the 1h a bullish signal. Yet the volume is missing. MACD is also sending some bullish signal.
If the first target at 28900 breaks further upward trend to the second target is expected.
First target is 28900 sats
Second target is 39000 sats
Third target is 55246 sats
Good luck!
Disclaimer: I'm new to TA and try to contribute some thoughts. I appreciate any feedback very much in order to learn from your experience.
Komodo speculative chart for 2018will 2018 be the year of kmd ?? chart is pure speculation, not trading advise.
based on elliot waves, market cycles and its dates, FA.
Short Komodo !!!, Price is hovering around the supply zoneShort Komodo !!!, Price is hovering around the supply zone for sometime. Arc is perfectly fitted feels like it will form a Cup and handle. Half of the cup is done, remaining has to be done.
Break above the Supply zone makes this trade void.
Trade based on your risk appetite. Always have your own sl.
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