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KMD

If we don't break out now, wait til Week 1 or 2 of April KMD/BTCKMD is in a beautiful falling wedge. We're sitting on a support line right now, and this is right after a perfect hammer formation. I'm expecting to break out very shortly. In the event we fall below this support, I expect us to move down a bit more towards the end of the squeeze of the falling wedge and will be looking to break out within Week 1 or Week 2 of April - so I will be keeping a very close eye on this one. Either way, we're due for a breakout, it's just a case of where to place buy orders - so for short term, I'm waiting to break the current resistance before placing a buy, in the slightly longer term, I'll be waiting for the end of the falling wedge. Comments welcome! I'd love to hear your take on this.
by CKinofler
Komodo (KMD) Potential OutcomeSome notes on what I see on a 1D chart for KMD: - There was a clear bounce off of the diagonal resistance line which validates the trendline. - A bearish-cross was made around the 11th of February and we are still trading below the baseline (bearish af for the meanwhile) - Notice how the convergence line (blue line) and the baseline (red line) have deviated away from each other. I expect some sort of consolidation in the short run which will bring those two lines back to normal levels. - If price bounces off the diagonal support, this may indicate that the 5th wave has finished it's course. - Still trading below the kumo cloud and haven't had a retest of it since February 17th. We shall see how price reacts to that level once it reaches. - If Bitcoin goes any lower in the next few days, I believe most Alts will follow, including KMD. This will validate lower lows. - RSI is also showing oversold levels as well, let's see how much lower this can go. I am no expert nor a financial advisor. I am merely practicing some new indicators I've learned as of recent. Please be diligent with your research before making any investment. Always remember to protect your capital!
Long
by tculia
3
DIGITAL ALPHA Update KMD - Get ready to ride a KOMODO!DIGITAL ALPHA is on a caffeine kick and busting out two scenario charts today. This one was charted by D.A.'s finest "El Sol"! Today we have Komodo! Great project here. Their BarterDEX is gaining momentum and soon we will see some dICOs (decentralized ICOs) hit their platform, which is why we are keeping our eyes peeled to KMD! So let's get started. Komodo is in a descending wedge pattern with breakout potential between 122% and 420%. Yes, major discrepancy, but we will explain. First, notice we have 3 descending wedges on our 1D chart. The first two have broken out and hit a resistance at our 0.786 fib line (0.0008btc). We are now on number 3 and we have not broken out ...yet. There are 3 indicators that need to flash "buy" before we have our breakout. We will look back on the first 2 wedges to explain. So, looking at wedge #3... 1) EMA Crossing (not yet)- We have a yellow circle on wedge #3 highlighting where we might see our 50 and 200 EMAs crossing, which will usually result in a quick downswing...but for us we see it as opportunity! You can see in wedge #2 the breakout happened afterwards and in wedge #1 it was too early for 200EMA. 2) Volume Peaks after a period of low volume (not yet) - Here we are looking great and volume is descending as expected. This is seen with our black arrow on the volume chart. Our MACD indicator looks great as well and has started to turn a little, meaning momentum "might" be starting. We sometimes see the MACD turn before volume starts, so be on the lookout for that. Volume peaked on both Wedge #1 and #2 before the breakout. Also note the MACD here. 3) Upper Resistance Breaking (not yet) - This will be the 3rd indicator we want to see before we buy. Usually the first two indicators (EMA, volume) are both supporting the trend by this point. The upper blue line needs to break before it signals a breakout. Currently, we see two potentials, The conservative trade would happen during a breakout when price is at 0.0003btc and a potential sell (based on trend based fib lines) at 0.00065btc. If you are more aggressive and buy a dip that usually precedes a breakout AND we revisit ATHs (very possible with BarterDEX and dICOs coming soon) then a visit to 0.001btc levels is possible, which would yield 420% returns. This is DA, we hope you like our material. Comment below if you want us to highlight any tokens you have an eye on. - DA Bull ----- As always - DYOR Digital Alpha is not a licensed financial planner, financial advisor, stock broker, investment broker, or investment advisor. Before making any trades, check with a financial planner, investment advisor, tax advisor, or anyone else that controls your finances to make sure trading is right for you. The information provided here should not be construed as individual investment advice. All information presented on this site is the opinion of the author only and is not a solicitation to buy, sell, or hold any investment or security of any kind.
Long
by DIGITAL-ALPHA
Komodo Trade Idea --> Retracement almost over --> ATH soon? Komodo, one of my favourites, I’d say. What do we see on the TA from this one? Well, it seemingly can’t break the 90-100K barrier, as that’s a very strong resistance line over there. Retracing all the way down right now. Made a small jump in the past days, but I'd say we'll be seeing some more retracement towards the indicated box before we'll be heading upwards. What do we see more? RSI is on a very low level on the daily, getting in the buy zone. MACD in a negative downtrend, but seemingly about to see the bottom. I do see an ABC correction from the first run up in 2017. And I do think that we’re starting up new impulse waves from the drop back in December 2017. What are the targets? First some more retracement towards the 30K zone. Then probably around the 150K Sats area for May.
Long
by CryptoMichNL
1
KMDBTC - KomodoStill some consolidation on BTC pair, but likely to break up in future. Komodo, a completely new protocol. Beats competition in several markets and is the front leader in new and upcoming technology. -First decentralized exchange working with both atomic and etomic swaps. -First decentralized ICO ever occurring on the 10th of April. -Strong privacy coin -Could potentially process 100s of thousands of transactions per second komodoplatform.com Follow Marc de Koning on Twitter, he will be doing some updates on this - @koning_marc Good luck trading!
Long
by TheTrex
8
KMD-BTC 165.58% profit potential - Bet on a Decentralized FuturePresented here is my analysis of KMD, be sure to do your own research. We are in the middle of an overall bearish channel in the market as well as in the middle of a powerful FUD cycle concerning the Tether-Bitfinex scandal. You can do a bit of your own research here www.tradingview.com On the daily chart we have strong bullish signals that this symmetrical triangle wants to break to the upside. It has attempted to do so a few times but quickly retraced on all occasions. The Ichimoku cloud has flipped bullish on precisely the location where the triangle has reached a point where it can hardly consolidate any longer before making a vital decision. As always I am using the altered Ichimoku settings used by guru Josh Olszewicz ;) You can find an explanation here: youtu.be The declining volume and bullish break of those multiple inside bars at the end of the triangle show us that the momentum is in favor of the bulls, however the current pinch of the overall market on top of the aforementioned FUD has set the bulls back a bit. But all things considered, KMD has weathered the current FUD and market correction cycle incredibly well. Look closer and you’ll notice that I didn’t even draw a line on that symmetrical triangle — it completed itself via the 50 day moving average. You don’t often see something like that, so I’d say there’s a healthy, sustained growing bullish accumulation going on for KMD. You’ll also notice that I couldn’t draw but a single line on the RSI to indicate any sort of divergence because it’s so tight — We have a clear indication of hidden bullish divergence with higher lows in price and lower lows on the RSI. Many people think that atomic swaps and decentralized exchanges will not catch on for a couple more years, but I’d say things are going to move quicker than people think. Considering what’s happening with Bitcoin being declared a hard fork of Bitcoin Cash and Tether blowing open, not to mention some of the largest exchanges out there like Bittrex, Binance, and Bitfinex all carrying the increasingly volatile Tether asset, things can escalate quickly, and in favor of platforms like Komodo. Check out what I mean here: www.komodoplatform.com The Barterdex will be a decentralized peer-to-peer exchange supporting atomic swaps. Meanwhile a couple exchanges are already implementing Bitcoin Cash pairs alongside Bitcoin and Ethereum counterparts. This is all bullish news for the likes of KMD. You can see a quick review of KMD here youtu.be I’m being brave with my profit targets on this one, for a few reasons. One is for all the reasons detailed already, the other is that typically in crypto markets, projected moves from triangle breakouts and continuation patterns can be expected to be double that of their traditional counterparts. Second, when this overall market turns around I expect the value to explode, because those new to crypto are surprisingly more often than not more interested in alternatives to Bitcoin. Here are your potential profit targets visualized as blue horizontal lines. I added Bollinger Bands for affect - look how tight they’re squeezing ;) Target 1: 0.00089434 Target 2: 0.00119967 Target 3: 0.00150153
Long
by RotiWokeman
5
KMD THE SLEEPING GIANT Breakout confirmed + Bitcoin Hush AIRDROPKOMODO 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 Bitcoin, bitcoin-protocol, as well as other SPV Electrum-based coins. Not only this, but it utilizes something called JUMLR which is an anonymizer that allows individuals to mask their trades. More recently, Komodo has got an Airdrop coming up with Bitcoin Hush and some planned further announcements coming up like a New Website Launch. I'm sure more marketing will get pushed as they go LIVE and attract more investors into their community. As we seen in December, this coin can rally fast so lets check out what it offers. TA - On the DAILY: - Recently broke descending triangle pattern - Heavy rejection on 50,000sat support level - MACD crossing supports bullish movement - RSI moving (also a good short-term BUY) My Trade Idea: BUY: Below 63,000sats SHORT-TERM (1-2Weeks) Target 1: 70,700sats Target 2: 79,000sats MID-TERM (1-2Months) Target 87,600sats Target 4: 98,000sats (0.618 Fib) STOP-LOSS: 44,000sats PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice! SOURCES: komodoplatform.com twitter.com medium.com
Short
by Benjiman7953
4
Komodo Trade Idea 25 January 2018Komodo. Interesting project. Doing some great things and not even marketing it that much. What do we see on this log scale chart? Nice movements since last year. Incredible run up. MACD seems to be on a bottom and about to make a positive cross within the next week --> this might indicate we'll break out upwards on the KMD/BTC chart. 200 EMA coming in as extra support as well. RSI coming out of a downtrend, support of this trendline will be in sight pretty soon. Only thing which is lacking is the volume. It did bounce on the horizontal line also, which was resistance earlier and caused the big run up. Around the support line is a great buy for me, also bullish on this project for long term. So if we break out of this bullflag (or bearish pattern), then we'll see the green box as possible target zone. Target zone is around $30 within 3-4 months.
K
by CryptoMichNL