Komodo (KMD) just broke and closed above a key resistance level that price has been testing since mid-February.
The buy volume at the lows has been very strong, indicating interest from buyers here.
Major resistance lies above in the mid 500's with a Chaos PRZ + Short Reload zone .702 sweet spot lining between 640-660 sats.
With BTC breaking down from range...
================ BINANCE:KMDBTC ================
KMD BTC in side ways
1.hold in major support now
2. RSI DIVERGENCE
target in chart
potential Long maybe in midterm until longterm
Trading Involves High Risk
this is Not Financial Advice
Please use Risk Management
-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...
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...
KMDBTC (Komodo) has been in accumulation since the breakout of the triangle shown in the chart.
If you look closely It seems to be forming a cup and handle pattern right now, implying a bullish future for the coin.
The Stoch RSI bottomed out on the daily and might reverse any moment which is again only adding to the bullishness of Komodo Coin.
KMD is trying to punch out an important zone and it is likely to breakout that resistance zone. Set your alerts on TradingView on to that area that ı already marked and wher it does break above, you can get in!
My second signal from my new build system.
KMD/BTC - medium risk trade with a huge potential to the upside.
PT1 = Green dotted line.
PT2 = Green dotted line.
Exit = if price close beyond entry zone or touch red dotted line.
Entry = In the "entry" zone as shown in the chart.
Keep in mind to have a good money management.
Simple chart, im here to make you...