Komodo is reaching a strong support area soon. If KMD can hold this support zone, we can get a small bounce of 40% back up to midway of the consolidation. We can also have a second target of 80%+ as well. What are your thoughts?
Trade with care.
Video Analysis: youtu.be
Hi All!
Today we Long Komodo.
Entry: 50k sats
Target: 75k sats+
A long-term hold, sells would come on news. If market closes with a red daily candle under the orange trendline, we should wait to fill our buy orders at the 2/1 Gann Line, aka ~ 45k sats .
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Combining advantages of ZEC (anon)...
- buy zone set at 0.00050750 wait for it to bounce off the lower support and confirm a breakout first.
- needs volume for it to pick up the price action again.
- set stop losses as necessary
-TRADE at your own RISK
Two possible scenerious for the ascending triangle break out:
1. Going straight up to 58k resistance line
2. Retest of trendline - drop arround 46k satoshi before it goes up to 58k
Komodo looks like it could break that resistance very quickly and have a nice trend up to previous resistances where we might see a pullback. Trade the lines accordingly.
The KMD/BTC markets has seen a lot of action over the last few months and weeks. Trying to find a bottom in a market is often what new traders try to do however, it is often more profitable to wait for a trend to confirm a direction and trade accordingly.
Buy zone for me at the moment is between 0.004 and 0.005 and would think about increasing my position if the...
Hey guys. First of all wanted to say thanks to the few who liked our posts. I hope some of you jumped on that PTOY train and it's not over yet, still alot of updates to come. As far as Komodo goes. This coin had a surge in the last couple of weeks due to some announcements. It has consolidated quite nicely and I believe we have a bit more to go. Coming up until...
Cryptocurrency has suffered a large decrease over the past day or so due to the bad market news. Most of the time we always see our self back in the bull market within the same week or so. Therefore, everything should regain strength as FUD settles unless more bad news gets released.
Follow the Support and resistance shown on the graph, Komodo is expected to...
Komodo is currently consolidating from its drop on around the 60% area of the Fibonacci retracement. This could be seen as a good indication to buy, within 2 days Komodo will follow the resistance and support drawn on the graph, use these to help your trading decisions. Also, Komodo has recently released an update but it has not seemed to push the price up to any...
General : Today will be announced news about Komodo cryptocurrency on meeting at 4:00 UTC. What will be ? 40-50% rise on price or may be more.
Indicators : MACD and Slow Stoch are going up, but soon price will correct till 0.00082, it will be best price to buy.
Suggestion : Buy now and hold 5-6 hours and you will get high profit.
Good luck and have fun !)
