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...
KMDBTC looks ready to run after retesting 2018 lows.
Smart money will play all coins that have swept 2018 lows, keep this in mind.
I expect a test of 33k before a pullback.
A break of 33k will set us up for a moon mission, which this coin clearly deserves.
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,...
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...
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.
Dangerous time for alts, though! BTC Could break the lower support of her ascending channel and dummmmmp! Or push it's current pennant and push 9k.
Good time to buy long term. Dangerous for weak hands.
- Bullish divergence on the RSI Daily
- Currently holding Feb lows
- Price is squeezing in anticipation of a move
- Good R/R for this trade
- Sill has low volume at this level would like to see a spike in volume
Want to see it hold above its December lows to hold an accumulation and higher lowi if it closes under 1793 I will look to enter again lower