-The key support at 520 range is about to retest for the 3rd time
-If that level will hold for at least 5-10 days
-There is a high chance of potential bounce reaction up to 700 sat range
-Bearish scenario, a close below the key green support area
-Will send the price to ATL and new price discovery
KMD/BTC is in a BIG BULLISH TRIANGLE!!
There is also news coming up:
30 September 2020
A good entry would be inside the green target if there is a pullback or retest of the lower trend line of the triangle..
This may be a mid term hold - give it a month or two.
Please keep an eye on BTC, an irrational move from Bitcoin could change...
-this coin has been on a sideways market since August 2019
-the channel is ranging between 500-800 sat
-there is also a clear mid resistance at 800 sat
-if this level can be cleared out
-it will be a buy signal on breakout or retest of new support
-upside potential is up to 1300 sat
The red line that has been drawn and the price is fluctuating slightly above that, the trend will be clear soon, and if the red line and support is broken, there will be a sharp drop. Also, if the specified circle is preserved in red, the shareholders' patience will increase.
The average one hundred days is ready to change the price.
Shopping time: marked red...
KMD may have found support at previous swing low last Oct 2019 trading history.
If this is the potential double bottom and KMD manages to break the downward trendline resistance.
We could expect the price to go higher up to 900 sats and have our stop-loss below 515 sats.
KMD/BTC saw a bullish engulfing close above our 0.236 fib yesterday and is now seemingly breaking out of this falling wedge; oscillators have also crossed bullish. We can anticipate this Fibonacci level@700-680 sats to provide some solid support for the short term, while the 800 sat zone should be respected as immediate resistance. Given the volume build up and...
Priceline of world's 66th ranked cryptocurrency Komodo (KMD) has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg...
This coin was doing pretty amazing last year. At least 3 times pump cycles in a year. Which is not really happen this year.
The same question I might ask myself, when will the cycles repeat itself? As I see the chart is quite bottomed at the moment. With 109,968,938 KMD on the circulating supply and this coin is mine-able. Komodo Platform is working on...