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...
Entry : 0.0000715 - 0.0000675 - 0.0000621
Target 1 : 0.0000803
Target 2 : 0.0000908
Target 3 : 0.0001015
Target 4 : 0.0001214
Target 5 : 0.0001600
Stop loss : 0.0000519
Risk/Reward : 24%/150%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to...
Some volume coming in over the last days; currently at resistance with minor bearish divergences on lower TF's; I think we might be able to squeeze another +18% out of this run, however taking profit at resistance is usually smarter than holding on to a prayer.
Bitcoin dominance has broken the triangle down. We expect good movements on many violas. Here is a good setup that has already shown its worth in practice.
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
KMDBTC has had a strong bullish engulfing candle off its December trend line and is oversold on the daily time frame. We set four targets up the length of its channel at key resistance points.
0.0002128 - 0.0002165
Target 1: 0.0002291
Target 2: 0.0002604
Target 3: 0.0002840
Target 4: 0.0003160
Komodo came out from the Zecash platform which came forth from the bitcoin network with major focus on providing standard privacy and a better security of a decentralised network.
Komodo coin has seen a recent surge in USD with 100%+ in the month of February 2019.It is one of the most promising cryptocurrencies 2019.
Komodo pair has seen a...
Komodo is waking up again with a nice uptrend. Everything looks bullish in all time-frames (even weekly). Try to buy below 2650 and enjoy a ride till 32xx and even in loner term 41xx ! Your stop would be at 2400 area