Maybe we are not going to complete b on the pattern. target around to 2x Fibonacci to be conservative, but it will be just wave 2... hold for long but take some profits on selected area
As the MA 50 catches up to the MA 200 (we want the green line to go above orange and red, in that order), we could see a miniature bull run up. However, the order book is looking more on the sell side than the buy side, so I'm going to be setting progressive sells as it could go up or down. The consensus is that over time, the average price for KMD will continue...
Same pattern over and over again for KMD. Three times in a row with the same spread time around 100 days. It looks like a falling wedge which is a bullish pattern although MACD is turning upwards as Stoch-RSI. Regarding history I am not getting in at this time. What about you? Happy trading.
So this is another project that has huge potencial. They are partnered with monaize which is a e-banking platform and syscoin. Kmd also has successfully made atomic swaps possible (Atomic Swaps Allow You to Trade From Blockchain to Blockchain, From Within Your Wallet) This just means that there is less rick between coins and less manipulation.
They have made...
As i'm sure you've noticed, all "fundamentals" as we know it has left the station for the crypto markets. Technical analysis coupled with information that pump the markets is now the "fundamentals". It is truly the wild west.
Good luck and happy trading everyone.
Sorry I've been busy team as per twitter, been creating an alt tracking spreadsheet.
Don't know too much about this coin so keep stop close, suggest 4500-4600ish range. MacD, RSI, storch RSI overlay and even ADX all looking good for a rebound.
Only thing to be wary of is relatively low volume.
If BTC don't go crazy and break the support, KMD can get a good steroid with this bull flag.
KMD also have good fundamental and the release of BarterDEX is close !
Love the fundamentals of Komodo.
Bounding between strong support and strong resistance.
My guess is it breaks out of this triangle and creates a whole new leg and wave up.
If you spot the break out of the triangle with a strong green bar and strong volume...BUY!
price is at support level approx 62562
stoch is about to cross over to go up to complete the impulse wave (wait for confirmation)
SL: Rectangle area, just below the support.
TP: 1.618 area of fib extension.
