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...
Pair: KMD/BTC
Exchange: Huobi or Binance
Trade Duration: Medium
Risk: High
Signal Strength: Medium
Introduction
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,...
KMD
Quite the brutal sell-off over the last few weeks.
Recently dipped past the range-low and bounced. I think R1 will act as a tough resistance to break on the first try, so I'd be comfortable taking profit and trying to buy lower once price reaches. If I'm wrong, R2 is next.
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.
KMD BULLISH!
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.
PROS
- Bullish divergence on the RSI Daily
- Currently holding Feb lows
- Price is squeezing in anticipation of a move
- Good R/R for this trade
CONS
- 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
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