ForecastCity

There is a possibility for the beginning of an uptrend in KMDBTC

Long
BITTREX:KMDBTC   Komodo / Bitcoin
Technical analysis:
. KOMODO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00007270 to 0.00005355). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00007270)
Ending of entry zone (0.00005355)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
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TP2= @ 0.00012365
TP3= @ 0.00015580
TP4= @ 0.00019600
TP5= @ 0.00025100
TP6= @ 0.00037300
TP7= @ 0.00047200
TP8= @ 0.00057050
TP9= @ 0.00088000
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Comments

I agree with your idea about the beginning of an uptrend in KMDBTC. it is possible.
+1 Reply
@fxniki, Thanks for sharing your point of view about KMDBTC.
+1 Reply