================ BINANCE:KMDBTC ================
KMD BTC in side ways
1.hold in major support now
2. RSI DIVERGENCE
target in chart
potential Long maybe in midterm until longterm
Trading Involves High Risk
this is Not Financial Advice
Please use Risk Management
KMDBTC has been repeating a pattern as we can see in the chart.
It will be most likely repeat itself now since it is at the bottom of price action with volume decreasing, showing a potential bullish divergence.
We could wait for MACD crossing for buy signal.
KOMODO seems that is going to test the important support level of 0.0000540.
That is a great place to buy this asset, we must watch the price behavior on this support level test.
Push like Buttom and follow us on trading view.
Sandro and Gustavo.
KMD has broken out of the (861 days) downward trend line and is currently testing support on the 4 hour chart. This thing has been coiling forever and an increase in volume has been occurring at KMD's bottom since October 2019. There is naturally some resistance points (red squares) but as momentum gets going I do not expect they will be to difficult to bust...
Showing really nice volume levels as it flips ~6300sats back to support w/ UCTS indicator showing a Buy signal on the 12H Timeframe
Aim for an entry as close as possible to support or wait for another Flip/retest to minimize your risk.
TA: Komodo just broke-out that ascending triangle and got rejected on upper-line channel.
I'm expecting a pull-back to retest support then a new attempt to break higher, better wait for entry.
Current Price= 0.0000665
Buy Entry= 0.0000636 - 0.0000612
Take Profit= 0.0000680 | 0.0000771 | 0.0000839
Stop Loss= 0.0000568
Risk/Reward= 1:1 | 1:2.63 | 1:3.84