Komodo has been in a consolidation pattern for almost 1 month now. It has formed a nice bullish pennant as you can see on the chart. I have placed a conservative target right around 0.0009BTC. Buy in lower range of the triangle, between 0.00052-0.00065, or wait for price to peak out of the cloud.
* remember, you a solely responsible for your trading decisions-...
A different view of how things are looking for Komodo.
Seems to be in the buy zone. As I mentioned, I have been holding this coin for a long time, and still think it is undervalued.
I don't see this as a get rich quick coin, but more of an investment.
This chart is purely for my own practise.
DYOR
KOMODO will likely emerge as one of the most liquid privacy coins in 2018, and I would suggest anybody to look into the huge potential it has for this year! They have an open-source project that is making waves in the blockchain technology. Leading 1st place with over 30,000 Atomic Swaps, its BarterDEX technology hopes to create a decentralized exchange (DEX) for...
I have been in KMD for long time.
Tenkan ad Kujin have crossed on the hourly.
MA 44 and MA 144 have crossed on the hourly.
Stoch RSI was oversold and crossed to turn up, looking bullish.
Komodo 4hr candles chart looks as bullish as it gets.
Inverted Head and Shoulders are visible.
Ichimoku could looks green and nice.
MA 144 and 44 are about to cross.
$KMD has more value to it than most coins out there with Privacy, Barterdex, Jumblr and more on the way...TA shows we broke the descending triangle to the upside and bounced off the old resistance as new support...2018 should be massive for Komodo!
- This is a 4hour chart of KOMODO/BTC
- I see complete 5 wave structure with corrective pattern finished. Allows us to open new long position.
-MACD supports upward movement
-moving average confirms breakout
-targets are high confluence of i-ii of 3 fib ext & 1-2 ext
- Two stoplosses. The lower one will invalidate our wave count. Must be placed.
Good luck
Komodo broke out of it's channel with the bounce and is testing the channel now as support. Buy entry to ride north.
Buy Entry: 0.00055327
SL 0.000497943
T1 0.000663924
T2 0.000774578
T3 0.000995886
Cup&Handle pattern was broken and now the price is testing the lower edge of rectangular support zone 1. The price is below ichi cloud which indicates further decrease, however the coin is currently oversold and there can be a rebound which will form Double Bottom pattern. This will create a strong support level around the signal's stop loss zone 0.000550, from...
We detected Cup and Handle pattern, volume is also rising, demand is higher than supply.
Safe buy price is around 0.000575
Next targets will be
0.000598
0.000635
Stop loss: below 0.000550
