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KMD

KMD/BTC: Update KMD is a coin I like for fundamental reasons highlighted in my previous KMD chart linked in "related ideas" Looks like KMD has found a solid support level in the blue box and is bouncing around it. Highlighted to targets / areas of resistance in the red boxes. If BTC can provide some stability in a range or continue to run, I could see KMD also making some positive moves. Historically there have been some pretty gnarly pumps that KMD saw, throughout late 2017 and early 2018. Tight stop on this one in case the blue support breaks down, I could easily see KMD dropping another 20-30% if the bearish scenario happens.
Long
by chartsdragonbtc
KMD/BTC: Taking a look Little fundamental analysis here... KMD stands out to me because of its multi-chain architecture. KMD allows its projects to create their own blockchain on the Komodo ecosystem, that allows them from operating truly independently from one another. Along with this, the technology Komodo utilizes allows cross-chain interoperability of blockchains, which can connect the entire network. If a chain on the Komodo network is not meeting performance needs, additional chains can be added to it, boosting performance without affecting inflation or supply. KMD is a Proof of Work consensus protocol but this is delayed due to the fact that the Komodo blockchain stores a notarization onto a Blockhash of the Bitcoin ledger every ten minutes, providing complete protection from 51% attacks from malicious miners. From a technical point of view here looking at the chart, I am finding a decent level of support here in the blue box around 0.0001700. Down roughly -80% from its high in January, the all time high for KMD was technically in 2017 (box in yellow on chart) I have highlighted that I think we could easily see a potentially -30% or -40% drop in price if we fall from support around the blue box. Red box around 0.0003000 I am viewing as resistance/target on a convincing breakout. I am going to try to long around the blue box if volume appears and stability holds at this range. Would use a tight stop loss under the blue box, weary of the drop mentioned above. No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
by chartsdragonbtc
There is a possibility for the beginning of an uptrend in KMDUSDTechnical analysis: . Komodo/USDollar 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 54. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.284 to 1.159). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.284) Ending of entry zone (1.159) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 1.583 TP2= @ 1.828 TP3= @ 2.280 TP4= @ 2.719 TP5= @ 3.545 TP6= @ 4.639 TP7= @ 5.887 TP8= @ 7.428 TP9= @ 7.428 TP10= @ 11.162 TP11= @ 13.957 TP12= Free
KLong
by ForecastCity
There is a possibility for the beginning of an uptrend in KMDUSDTechnical analysis: . Komodo/USDollar 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 54. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.284 to 1.159). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.284) Ending of entry zone (1.159) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 1.583 TP2= @ 1.828 TP3= @ 2.280 TP4= @ 2.719 TP5= @ 3.545 TP6= @ 4.639 TP7= @ 5.887 TP8= @ 7.428 TP9= @ 7.428 TP10= @ 11.162 TP11= @ 13.957 TP12= Free
KLong
by ForecastCity
One of the Most aggressive PA on Alts out there.Hi guys, this is my view on Komodo. Recently the price action has started to show aggressive intentions heading north. The volume is the biggest and most indicative element that this coin wants to go for a moonshot. Other indicators are extremely bullish, with DMI showing an upside trend formation and ADX line supporting it strongly. Considering potential rewards that await on this one, I would say the risk is relatively low. The final confirmation that I am waiting on this one is the break and retest of the 22000 sat horizontal resistence. Good luck, AGON
by Rugova
Komodo (KMD) – What makes it great and different?Komodo is a blockchain platform for creating decentralized applications. Some call it a “Blockchain 3.0”, while Bitcoin considered 1.0 version and Ethereum is 2.0. KMD is referred to as the next generation blockchain as its’ capabilities are far beyond of those offered by BTC and ETH. Comparing to the Bitcoin, Komodo should be able to handle a lot more transactions and comparing to Ethereum, where tokens remain tied to the platform, it allows tokens to remain independently with their specific set of laws. This makes Komodo unique, as it offers a new way of freedom in the industry, freedom that has never been given previously. At the time of writing KMD is trading at 18k satoshis, which is 15% higher than just a few days ago. It looks like price is reversing slowly and first indication of a potential trend reversal could be the very high volume over the past 3 days. Additionally, KMD/BTC rejected the 76.8% Fibonacci support level and RSI oscillator rejected the uptrend trendline after which broke above the downtrend trendline. As the trend might be turning bullish, yet price has to start to produce higher highs and higher lows first, which is not the case now. In addition to that, Komodo is facing a strong resistance, formed between the 21k and 23k satoshis (23.6% Fibonacci levels). When/if the resistance is broken, price might start exponential growth, reaching either 31k or 37k satoshis resistance level, that is 100% growth potential over the Bitcoin. However, while KMD remains below the 23k, more consolidation to be expected. And finally, daily break and close below the 14350 satoshis level will likely result in a drop towards the 10k psychological support. To summarize, it could be a very early stage of the Komodo uptrend, although currently, price action does not completely support that assumption. Considering the fact of the increasing trade volume, more volatility yet to come, potentially resulting in a breakout. Support: 1. 0.0001554 2. 0.0001435 3. 0.0001000 Resistance: 1. 0.0002086 2. 0.0002310 3. 0.0003140 4. 0.0003725
by CryptalDash