Easy 77% or 140%+ For Komodo (Falling Wedge Breakout)Komodo (KMDBTC) broke out of a strong falling wedge and tested its trendline as support.
Prices are now bouncing strong and after the above-mentioned action, this tells us that KMDBTC will now start to grow.
The immediate resistance to break for additional growth is sitting at 0.00000732 or MA200. Above this level, KMDBTC can jump and easily print 75%+ in growth.
Additional growth will develop overtime... PATIENCE IS KEY .
More information on the chart.
Thanks a lot for reading.
Namaste.
Previous analysis - Apr 13
Komodo Breaking Up Strong (88.8% Target Mapped)
(This is not financial advice)
KMDBTC
Where to buy KOMODOHello traders,
Komodo had a strong uptrend moviment on this lasts few days, and stopped uptrending at an important Resistance level, so where to buy this asset?
We have two point for long postion in this asset.
1 Is on the pullback to this long term resistance line and also 0,5 Fibonacci Retracement
2 Is above this Important Resistance level after some bullish accumulation pattern.
Until them we have to be pacience and wait for a clearly indication.
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Komodo Breaking Up Strong (88.8% Target Mapped)KMDBTC (Komodo) is breaking strong out of a falling wedge.
With really good volume coming in, in this slow and relaxed day...
The altcoins market started to heat up last week, now is showing some additional momentum, we are likely to see fireworks by the time this week ends.
Komodo has been profitable to us many times in the past... We believe this time it will be good as well.
KMDBTC now bullish.
Namaste.
KMD/BTC (Potential double bottom?: up to 50% profit)KMD/BTC
KMD may have found support at previous swing low last Oct 2019 trading history.
If this is the potential double bottom and KMD manages to break the downward trendline resistance.
We could expect the price to go higher up to 900 sats and have our stop-loss below 515 sats.
Pacience Time for KomodoHello Traders,
KMD/BTC dont have a profit/loss factor trading,
For us to enter a position we always have one stop loss value, and for that our target have to be at least twice as much as our stop value, that mean for us we enter a position where our stop is at 4% we will want to profit at least 8% in this operation to be worth the risk.
For atom we can see that we can that the price just reverted on important support, but now is close to the long term resistance line, now is time to do nothing and watch the price testing theses two levels.
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Best regards, Sandro and Gustavo
KMD / BTC Falling Wedge. Double bottom. Potential + 80-400%KMD / BTC
The main trend is a downtrend that has formed a downward wedge.
The local trend has moved into a lateral movement which potentially can form a double bottom.
The price hit the line of resistance of the falling wedge and the main trend.
ENTRANCE and TARGET
1) Entrance on a breakthrough or pullback after a breakthrough of the resistance line of the main trend (red line of resistance of the falling wedge) Potential + 80-400%.
2) When the price consolidates above the resistance of 0.00015 (yellow line). Potential from + 100%.
Stop loss
Under key support levels during your entry into the market.
There is a trading opportunity to buy in KMDBTCTechnical analysis:
. KOMODO/BITCOIN 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 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00007270 to 0.00005355). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00007270)
Ending of entry zone (0.00005355)
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 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= @ 0.00009675
TP2= @ 0.00012365
TP3= @ 0.00015580
TP4= @ 0.00019600
TP5= @ 0.00025100
TP6= @ 0.00037300
TP7= @ 0.00047200
TP8= @ 0.00057050
TP9= @ 0.00088000
TP10= Free
There is a trading opportunity to buy in KMDBTCTechnical analysis:
. KOMODO/BITCOIN 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 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00007270 to 0.00005355). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00007270)
Ending of entry zone (0.00005355)
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 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= @ 0.00009675
TP2= @ 0.00012365
TP3= @ 0.00015580
TP4= @ 0.00019600
TP5= @ 0.00025100
TP6= @ 0.00037300
TP7= @ 0.00047200
TP8= @ 0.00057050
TP9= @ 0.00088000
TP10= Free
KMDBTC SIMPLECHART My second signal from my new build system.
KMD/BTC - medium risk trade with a huge potential to the upside.
PT1 = Green dotted line.
PT2 = Green dotted line.
Exit = if price close beyond entry zone or touch red dotted line.
Entry = In the "entry" zone as shown in the chart.
Keep in mind to have a good money management.
Simple chart, im here to make you satoshis.
Happy Trading.
KMD painting bullish patterns one after another!+16% since entry
KMD painting bullish patterns one after another!+16% since entry.
After completing the IH&S (+16%) $KMD is trying to close above the upwards channel & and morph the current pattern into a cup & handle.
Take some profit & let your winners run. The Markets right now are allowing such a dangerous behavior.
#KOMODO | Breakout Soon Entry : 0.0000715 - 0.0000675 - 0.0000621
Target 1 : 0.0000803
Target 2 : 0.0000908
Target 3 : 0.0001015
Target 4 : 0.0001214
Target 5 : 0.0001600
Stop loss : 0.0000519
Risk/Reward : 24%/150%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
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