As I said in my previous publication I've been accumulating KMD buying dips here and there. Things are looking good now, as the price formed a diamond (accumulation) pattern preparing for the next move (hopefully up)
komodoplatform.com is up-trending for a few months now and is very likely to continue bullish!
Komodo features AtomicDEX, a non-custodial wallet and atomic swap DEX rolled into one application.
Risk/Reward= 1:1.75 | 1:3.67 | 1:7.38
Expected Profit= +35.83% | +75.02% | +151.01%
Possible Loss= -20.46%
Fib. Retracement= 0.5 | 0.618 | 0.786
The price push that had place on 06/09/21 failed to break the resistance and bounced off the upper trendline which seems to be respected on both on arithmetic and logarithmic scale.
The key level to break & hold here is 1.62
I started to accumulate this coin last month, although I'm not making no bigger entries for now. But I'll be keeping an eye on it.
Komodo has netted me a 7.15% return from a 1.2150 preliminary entry I took on 8/23.
Prognosis: This crypto had been languishing between TRM & R, and most recently inside the sweet spot between TRR and the 1.0 % Fibonacci. It recently smashed the 1.0 and wicked clean to the .272. I expect the obligatory retest of the prior resistance (1.2342) before further...
The price after the heavy fall was likely to be small
There may be a return but keep that in mind yet
The market has its downside guard, in case of failure support 0.786
The trend will almost fall to the last support range and then
Will return and in case of return from the level of 0.786 the best
The point for Vero will be 1.0627 (keep in mind...
Komodo is about to bite a bear!
Its a mid term trade
the chance is high but we might have some correction first so you can wait a lil bit or buy steps!
the zones I draw for you is where you can save gains or move sl under it !
In the chart we have a triangle that is incremental
And the trend to the floor again after the collisions with the roof
The support triangle has a back and now the ceiling is a triangle ratio
It is weaker before and now the price can be improved
To advance to break the ceiling and advance to the price of 1.0000