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...
Komodo (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...
With most alts making new lows and showing weakness with this BTC move, KMD continues to show strength despite dropping back down near lows
If we hold its Nov lows, we could be set to return to local highs as this remains a very strong project
Currently 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
Innovative tech + flying under the radar = undervalued
$KMD Sitting over support at ~17k sats with a double test
Volume looks exhausted on the selling side
I'm waiting for some more confirmation (volume, start to break to the upside) to confirm a potential entry.
Taking a position with a tight SL is also valid.
Looking at it from different perspectives here... From ATH and playing a downward trendline here with recent activity, shows a breakout north. Consequently, it has reached earlier support (now resistance) 12/2017. Whereas also other trendline from candle closes in 12/2017 would place us near the 99 EMA for resistance and better confirmation for me to know if this...
$KMD Looks ready to make some movements...
UCTS Buy signal on the daily chart since yesterday
Volume rising (remember volume preceeds price)
MACD Bullcross and RSI rising (divergences also visible)
Breaking from descending channel...
Exchange: Huobi or Binance
Trade Duration: Medium
Signal Strength: Medium
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,...
Quite the brutal sell-off over the last few weeks.
Recently dipped past the range-low and bounced. I think R1 will act as a tough resistance to break on the first try, so I'd be comfortable taking profit and trying to buy lower once price reaches. If I'm wrong, R2 is next.
We've seen KMD is a giant coin so far. After a massive move in its last bull run, correction started and finally 1430 stopped it. I believe it's a huge potential trade setup. Targets are lined in the chart . Hope you enjoy it.