KMD printed strong weekly doji 282% profit. Decent volume Komodo is showing underlying strength on the weekly chart.
1. Buyer printed a strong doji candle, which is an good indicator for a reversal
2. Volume is slowly but steady increasing since October 2018 with some decent green spikes
3. RSI low was August 2018 and is crawling its way up 50.0 threshold where it has been rejected last time about 2 weeks ago
We see the price fall slowed down and buyer made a strong doji. All in all it seems KMD is heading up to 2270. A retrace is expected.\u2028
What do guy and girls say? Did I miss anything?
Komodo
Altcoin TOP 54 - KMD/BTC Altcoin TOP 54, capitalization $ 166 million
The indicators (RSI, AO) are a good bullish diver.
"ACUPULATION zone" on the chart is a favorable price range for recruiting positions.
For the next 3-4 weeks there are interesting events on a coin (in particular, the launch of the Antara framework on July 15).
FCAS rating in the region of 600 is a live project.
Immediate goals indicated on the chart. 0.0001400-1500 - good support.
Looks promising in the middle. You can consider buying at a small% of the deposit.
KMDUSD Massive Inverse Head & ShouldersCurrently in a rising channel and at the neckline of a 9+ month inverse head & shoulders . Right shoulder was a bounce off the $0.90 support and the 200-day moving average. A close above $1.55 would be the highest close since 04 Sep '18.
Current price: $1.48
Target: $2.50
Gain: ~69%
Innovative tech + flying under the radar = undervalued
Komodo Hits Demand Zone: Double Bottom + Bullish DivergenceKomodo (KMDBTC) Chart Analysis
KMDBTC Long term chart:
Here we are looking at a double bottom on the long term weekly chart for Komodo (KMDBTC).
After this demand/support zone was hit last time, back in November 2018, KMDBTC went on a bullish wave that generated 190% profits. We believe that the next wave can be even bigger, we are looking at around 250% profits from the current price to resistance. Up to 720% in profits to ATH.
Bullish divergence on the MACD.
Increasing trading volume.
Let's take a closer look to see the different signals in the making (main chart above):
The bullish divergence on the above chart is marked with a purple arrow and is showing up on both the MACD and RSI.
Now trading above EMA10 (needs a close above it on the daily time frame for signal confirmation).
Komodo (KMDBTC) hit strong support (demand zone) and is very likely to produce a bullish wave within the next 1-3 weeks.
All details are shared on the chart.
Feel free to hit like to show your support.
This is not financial advice.
Namaste.
Komodo (KMD) | +65% PP | FREE TRADING SIGNALPair: KMD/BTC
Exchange: Huobi or Binance
Trade Duration: Medium
Risk: High
Signal Strength: Medium
Introduction
Komodo is an end-to-end blockchain infrastructure solutions provider. Consistently recognized as one of the world’s most innovative blockchain projects, Komodo is developing technologies at the cutting-edge of the blockchain industry. In reality, most blockchain platforms today are but a single blockchain that offers support for smart contracts and decentralized applications. This model forces all projects to share the same infrastructure, leading to congestion, increased transactions fees, and stifled growth. Whereas other blockchain platforms employ a single, shared-blockchain model, Komodo’s federated multi-chain architecture provides each and every external project with independent infrastructure and a dedicated blockchain.
See attached chart for Technical & Fundamental Analysis
Our Entry Zone
0.0001405 - 0.0001519
Our Targets
1: 0.0001743
2: 0.0002014
3: 0.0002315
Our Stop Loss: 0.0001368
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Axsonex Team
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DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page. Sources: binanceinfo
$KMD - LONG - 1D - TRADE IDEAPROS
- Bullish divergence on the RSI Daily
- Currently holding Feb lows
- Price is squeezing in anticipation of a move
- Good R/R for this trade
CONS
- Sill has low volume at this level would like to see a spike in volume
Want to see it hold above its December lows to hold an accumulation and higher lowi if it closes under 1793 I will look to enter again lower
Time, Periodicity and Repetition in the crypto marketsIn this video I talk about how to add the component of time, periodicity and repetition in your trading. Becoming a master at observing patterns and fractals is key to success. Finding similarities between coins that pump and make the connections. I go through various coins like Komodo, Groestlcoin, Dmarket, CVCoin, Ren, Litecoin, Monetary Unit, Zilliqa and Ontology.
[KMD/BTC] REVERSAL COULD START HERE [100-200% POTENTIAL PROFIT]#KMD / BTC ( Binance, Bittrex )
Buy Range : 0.00017-18
Stop Loss : Not recommend
Target 1 : 0.000286
Target 2 : 0.00037
Target 3 : 0.00049
WEEKLY CHART
- RSI near oversold zone ( Positive )
- MACD turning from very negative zone to negative ( positive )
- Downtrend trendline not broken yet ( Negative )
- Moving averages above candle ( negative )
DAILY CHART
- RSI has turned from downtrend pattern to uptrend ( positive )
- If daily candle closes above EMA20 it will be a good signal ( positive )
- Double bottom spotted at 15.7k sats ( positive )
- MACD showing some good action ( Positive )
- Ichimoku cloud still above candles ( negative )
- Main descending trendline remains ( negative )
4H CHART
- EMA20 and MA50 crossed and below candles ( positive )
- MA200 has been broken and retested giving some support for now ( positive )
- Ichimoku cloud has been broken and candles stay above it ( positive )
- RSI shows overbought acton , which need to reset before continue up ( neutral )
CONCLUSION
KMD is a very nice coin which got lot of potential.
On the short timeframes its looking good as other altcoins. It can be bought on pullbacks or when trendline get broken and retested if you want a safe entry.
I think this coin could reach higher positions if market turns to bull, so, i wil be updating as other ones if we reach our targets.
Good luck
$KMD Showed highest trade volume in Binance history$KMD Showed highest trade volume in Binance history, confirming the switch as resistance-->support of the ~2277sats level.
Currently some retrace (RSI bearish divergence) after the 60%+ Candle can be expected
Entry close to the green box seems a good option for future trades #KMD