KMDUSDT trade ideas
Komodo on the way of the 3rd wave of Elliotttp1=0.78 A=$7.2
tp2=1.6 C=$8.1
tp3=0.88 A=$10
tp4=2 C=$20
tp5=1.13 A=$23
tp6=2.24 C=$34
KMDUSDT Possible Entry PointAfter breaking above resistance, a possible retest will be done, hitting the 0.618 fib level, and providing a good entry point.
Komodo is a shark on Hitbtc exchangeshark harmonic pattern:
AB=0.38 XA
BC=1.6 AB
CD=1.6 BC=$7.3
or
CD=0.88 XA=$8
or
CD=1.13 XA=$17
or
CD=2.24 BC=$27
KMD is going to touch 2.4 and then 3.2 $!I bought 5% of my wallet capital and will sell at the targets
KMD Swing setupKomodo looks like its getting rejected at its horizontal resistance cluster at around $2.25 (red margin).
Entry at horizontal support at around $1.63 would be perfect buy in zone.
Ready for some deeper correction?All conditions ready for some deeper correction but yes it was a nice impulsive wave and this can be the real start of some trend reversal from bottom!
Elliot wave exampleElliot waves are comprised of 5 waves.
1= initial move up
2= Small ABC correction where the low does not reach 1
3= Longer timeframe wave moving up
4= Longest down wave in the structure including an ABC correction and eventual accumulation, can not not reach 2 and usually bounces at 618 fib line
5= Most parabolic wave in the structure after accumulation and a move past the 236 Fib line
$KMD RUNNING ANOTHER 60%+ $KMD looking good to climb the ladder from here. Could see a retest to 1.50-1.60 region before taking flight.
🆓Komodo/USDT Analysis (5/3) #KMD $KMDThe buying force is coming to KMD but it still stuck below 1.4$ zone, if it couldn't conquer this zone, it will fall down with Diamond pattern, which can push KMD down to 1$ zone or even 0.6$ zone in this March.
If it conquers 1.4$ zone, it will come back to the ATH at 1.9$ zone or even 2.8$ zone in this March
📈BUY
-Buy: 1.4-1.45$ if A. SL B
📉SELL
-Sell: 1.85-1.9$. SL A
-Sell: 2.75-2.85$. SL A
♻️BACK-UP
-Sell: 1.2-1.25$ if B. SL A
-Buy: 0.98-1.02$. SL B
-Sell: 0.98-1.02$ if B. SL A
-Buy: 0.58-0.62$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
KMDUSDT - Long - Potential 10.97%KMDUSDT - Long - Potential 10.97%
Entry- 1.4161
TP1- 1.4925
TP2- 1.5713
SL- 1.3138
- Trigger - Pullback
- BTC - Rising / Dominance Falling
- RR - 1.4
- Trailing Buy - 1%
- Trailing Profit - 1%
- Trailing Stop-Loss - no
