Near term look at the strong bounce today.
Bounce wave may have ended at blue 4,236
May hit the 4.618 before significant pullback.
If retrace starts, then keep an eye on the green zones.
Reaction at each fib line and zone will offer more clues.
Or if we surpass the blue 4.618 then I will re-evaluate.
The Purple Fib is from this big picture...
. KOMODO/BITCOIN is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
. There is a possibility of temporary retracement to suggested support zone (0.00007270 to 0.00005355). if so, traders can set orders based on Price...
Komodo (KMDBTC) had a strong bounce recently and just moved above EMA50 on high volume.
This signal tells us that this pair is ready to move up and grow.
The RSI is now at 60. A few months back, we would see the RSI sitting at 10, 15, 20 and such for most altcoins even if they were moving up.
Now we are seeing strong RSI across the board even while these pairs...
With Komodo (KMD) up big recently, it gives us a moment to reflect on an earlier bullish idea in this coin.
KMD was the coin that convinced us to change our view on altcoins. We were fortunate to see the breakout here. That led us to believe that a range in Bitcoin (BTC) was an opportunity for altcoins to rally.
Bottom Line: Right now, KMD is at significant...
Flipping into support the ~10.2k sats level with UCTS indicator showing buy signals across the board..
Golden cross can be spotted on the 8H (EMA50/200)
RSI at overbought
If volume keeps flowing in from here, then we can aim for higher targets at ~11700/ 13470 sats
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Some volume coming in over the last days; currently at resistance with minor bearish divergences on lower TF's; I think we might be able to squeeze another +18% out of this run, however taking profit at resistance is usually smarter than holding on to a prayer.
You may have noticed that we are done telling people not to chase altcoins. That's one thing. It's another thing to say to people to buy an altcoin at resistance. That seems crazy, and it does not always work.
In the case of Komodo (KMD), it might. We are noticing that Komodo (KMD) has already taken out its previous 4th. That means it has moved past the point...
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Just a cool setup i went long on.
Callout --> KMD/BTC -- Entry: 690 Sats -- > take profits at each fib: 1003 sats, 1374 sats -- Stop Loss around 600 sats as we dont have a weekly buy signal in so be careful in this trade however looks...
~6390 sats level was crossed & flipped into support the over the last 24hs
Aiming for ~7230 sats w/ UCTS showing buy signals across the board
Crossing above EMA50 on the 12H
handling this position through @3commas_io Smart trade platform
Komodo (KMDBTC) is printing a very strong bullish candle today.
After hitting a peak on the 7-Oct., KMDBTC retraced and produced good volume to break below EMA50 and EMA10... Today, a strong bullish candle regained those levels back, meaning, KMDBTC is now back above EMA10 and EMA50... This is a strong bullish signal.
This move is also supported by big volume,...
Komodo (KMD/BTC) hit the all time low ( the green line) and now is ready to move higher!
1. We have a break out above the support/resistance level which can be a good place to buy.
2. The RSI and MACD are very bullish.
3. A perfect and long Qqueeze Momentum.
Short to middle term idea:
This is not a financial advice, so...