Komodo Dragon Awakens From it's Slumber!Komodo, a valuation that has stayed in constant harmony with it's usd counterpart.
The BTC ratio has been on a steady growth since the launch of this coin.
An actual company with a longstanding history.
Targets are blue.
As always risk only what you are comfortable and good luck!
KMD
Komodo would probably resume its uptrend again...Technical analysis:
KOMODO/BITCOIN is in a range bound and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.000326 to 0.000278), if so , traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.000326)
Ending of entry zone (0.000278)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00040
TP2= @ 0.00045
TP3= @ 0.00052
TP4= @ 0.00059
TP5= @ 0.00066
TP6= @ 0.00088
TP7= Free
Komodo would probably resume its uptrend again...Technical analysis:
KOMODO/BITCOIN is in a range bound and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.000326 to 0.000278), if so , traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.000326)
Ending of entry zone (0.000278)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00040
TP2= @ 0.00045
TP3= @ 0.00052
TP4= @ 0.00059
TP5= @ 0.00066
TP6= @ 0.00088
TP7= Free
KMD weekly consolidationKMD is consolidating on the weekly, if there is a close above the bottom line then I believe we will see some resistance at the top blue line. I don't think KMD is fully done with its last market cycle yet so it may need more time before breaking the long term weekly resistance (red line). Weekly MACD is also close to crossing. Criticisms and feedback are welcome.
It's risky to play with KOMODO dragons but...I once saw Steve Irwin do it and I was convinced one day I would too; today is that day.
I'm setting my buy-ins for this coin in my buy in zone on the chart, it may be too late but if BTC decides to dip I'm sure I'll have zero issues getting into this coin.
I like Komodo because it's a great project, with a great team behind it. They are constantly improving and updating their code with commits to GitHub.
The unique thing about KMD is that the blockchain will create clones of itself for asset chains (think ERC20 tokens). This already solves one of the biggest issues with ETH's bloat, each token will be on it's own chain which will talk to the main KMD chain. Another great thing about KMD is that it's language agnostic; code in any language you want and it will work on KMD, this would bring lots of smart contract coders over.
It's still really early in KMD's life, they are only at 400Million MarketCap, this project is easily worth more than EOS,TRX and many other projects with no product as of yet.
Hype is real and it hasn't even touched this coin yet; when hype hits KMD it will skyrocket. This will be a long hold for me.
KMDBTC - STARTING WAVE 3Our analyzes are based on the Elliotts theory to determine the main trend, the targets of waves based on Fibonacci, Resistance - Support Zone. Also, we use indicators like EWO, MACD, MA50, Ichimoku, BB to confirm the end and start of a trend.
4H: KMD is starting wave 3.
TRADE INSTRUCTIONS
Buy in: 0.00042739 - 0.00045961
Targets:
(1) 0.00067716
(2) 0.00075120
(3) 0.00083294
(4) 0.00096519
(5) 0.00117917
Stop loss: (Stop loss will be updated in detail when happening)
At present, we recommend that you sell in short-term to turn around the capital to another altcoin to maximize profits.
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