KMD is fighting back hard to get back into it's cup and handle, if it continues it will be the first among many to make up losses and continue the pattern up. Like every other altcoin though, it is but a rag doll for king BTC to swing about.
I think KMD will bounce off the old downtrend resistance line now turned support. I like a buy at 28k. MACD also bottoming out.
KMDBTC My trade analysis for KOMODO, i think that we can expect good opportunity for long trade. What do you think?
So, what do i generally know about Komodo, that it's one of the anonymous cryptocurrency compared to Monero, Verge and Zcash. It's a coin from developers of BitcoinDARK and i know that it didn't show it's full potential yet. We know that Komodo team will publish soon DEX ( Decentralized Exchange ) with Monaize partnership. My idea is that it will do x2 - x3 till...
the all seeing ey of saraman is watching this privacy coin. will it stay in the shadow of the two towers, or will it break into a large movement following the inevitable flood of money moving from btc to altcoins after the BTG day of judgement.... only time will tell. If i a had a million bucks id spend all my money on altcoins right now crazy low prices on...
Komodo has formed a flags pattern it is breaking the pennant
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All explained in the graphic. Komodo is doing a triangle and fit very well with Fibonacci. As the first support line we got (0.786), if the price goes down, the bracket changes to the main support line. To be safe, just buy if exceed the (0.618) resistance.
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
- 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
May break resistance soon along the 50% line and likely to either encounter resistance at the 61% line and bounce before going back up to the 78%. If KMD stays on track with releases and continues with the updates I see this one making a full retrace back to 1 and mooning from a few months ago.
Bollinger bands are squeezing hard as we see many bullish patterns on this coin, micro penants and macro flags. Yesterday the KMD team announced they would have some updated news today, could be the needed push for the long awaited price action. I will likely begin taking profits around .00075 but hold some in anticipation for longer term pushes. My entry was:...
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.