Komodo returned back to normal levels again. The new trend line suggests a stable increase in time.
Komodo found the support at 17k satoshi, that is 261.8% Fibonacci retracement level applied to the corrective wave after the ascending channel breakout. The rejection was very clean, followed but the wave up which resulted in break above the descending channel. Current price action suggests that KMD/BTC could be correcting upwards or even reversing for a longer...
- increasing volume - breakout from long falling wedge - bullish price/Kumo cloud cross - cup and handle about to complete I believe BITTREX:KMDBTC will be one of the biggest gainers 2018. Chart looks great and there is a lot of potential upwards because of the high price mid last year, not to forget it's a great project. Good news for the next days/weeks...
WILL break out very soon
KMD has strong fundamentals and is considered as a long-term investment. The previous drop got the price to the support line 26000 sats, which is a good entry point. Price is getting closer to the end of the flag and is rather unlikely that the price will further drop. ADX DI gives at the 1h a bullish signal. Yet the volume is missing. MACD is also sending some...
Will at least try test 40k ichi resistance
After Bitcoin rally it pushed a lot of alt coins lower than it needed to go. However, that let us buy these coin at a cheaper price. It is going to be the alt coin turn to shine soon. What are your thoughts? Trade with care.
2 Scenarios playing out. One to the upside, one to the downside. Cloud showing future bullishness however further confirmation needed ie. Lagging span to appear above cloud. TK cross over. Break of the floor means we'll likely see price plunge. I think this will be unlikely. Healthy community backing, minimal shills (with exception of a couple on twitter), pretty...
KMD is approaching e2e trade zone on the Daily chart, and appears to be preparing for a 4H breakout. I will have buy orders set at the MAMA and close order at the FAMA for a quick scalp.
Great opportunity Upcoming events : - 07 December 2017 Blockchain Conference - 15 December 2017 First Ever Atomic Swap - By 01 January 2018 Bitcoindark swap
Looking on the hourly time frame, Komodo broken the resistance and currently holding the support well. This is usually indication of the next impulse move up to the next major resistance. What are your thoughts? Trade with care.
Squeezing in the accumulation zone, I expect a great movement. The movement can be in both directions up & down. But in my opinion the volume is increasing with the price. Therefore, in my opinion that tested support line will help KMD to test the upper-primary trend line one more time. My middle term target is: 63k sats range
Very promising coin. 1. at the level of 0.00029 we see strong support. 2. The highlighted candles represent the "tweezers" pattern after which the turn must follow. 3. The price is in the lower area of the Bollinger bands. the price can jump up sharply 4. The RSI is below 50 and is directed upward, and the stochastic RSI is in the oversold zone and made the cross...