KMD / BTC Falling Wedge. Double bottom. Potential + 80-400%

KMD / BTC
The main trend is a downtrend that has formed a downward wedge.
The local trend has moved into a lateral movement which potentially can form a double bottom.
The price hit the line of resistance of the falling wedge and the main trend.

ENTRANCE and TARGET
1) Entrance on a breakthrough or pullback after a breakthrough of the resistance line of the main trend (red line of resistance of the falling wedge) Potential + 80-400%.
2) When the price consolidates above the resistance of 0.00015 (yellow line). Potential from + 100%.

Stop loss
Under key support levels during your entry into the market.

Comment:

+ 55% local movement on the break of the downward wedge.

Comment:

Work in the accumulation channel.
External channel in steps of + 108%
Internal channel pitch + 50%

Comment:

After the price exited a descending wedge , a horizontal accumulation channel formed. External channel width 111%. Domestic about 50%. Liquidity is average.

The channel and pivot zones are shown on the chart. Price fixing above the channel resistance level (yellow zone) may serve as confirmation of further growth. Not overcoming this zone can serve as a price reduction to the indicated important channel support zone . Further, how the price will react to this support zone .
Now is not a good entry point, as there is uncertainty in the further price movement. Tool for observation.

Good potential entry points:
1) When fixing the price above the resistance of the current channel (yellow zone).
2) Entrance from the bottom of the active channel upon confirmation of support.

Comment:

The price decreased and reached the indicated buy zone and from it a + 73% wave could not overcome the indicated resistance zone of the channel. After the rollback, the local uptrend continues. Trend trading.