KMDBTC , There is a good opportunity to buy in Komodo .Technical analysis:
KOMODO/BITCOIN is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 56.
Trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.000326 to 0.000278), if so, traders can set orders based on Price Action 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 "Trough" , 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.00040
TP2= @ 0.00045
TP3= @ 0.00052
TP4= @ 0.00059
TP5= @ 0.00066
TP6= @ 0.00088
TP7= Free
Komodo
Komodo could be $35 Next year ! +1200% EasyHello World,
Komodo platform keep updating Road-map with hard work inside SuperNet !
We can't hide that KMD Team won't support the price of KMD behind exchanges ! that why many small groups try to control the KMD price !!
But we believe that Hard work will keep Komodo move like Dopamine in crypto world ^^'
Technically Komodo is Falling now ! But Truthfully Komodo is bullish now ;)
We expect +1200% from now to next year Naturally ^^'
Holders , Please keep that in your mind next year we expect KMD price to 35$ or 40$ Naturally and without any support or pump ^^'
New investors , Please Join us, Hard work inside this Project ^^'
Komodo Team , Please don't give up ^^'
Best regards.
KOMODO Expected Next Month Hello World,
Kmd now in oversold and panic zone !
After new website of KMD Platform and many new updates in Agama, we can't see any movement from support or investor, that why the price of KMD down to 2.32$ !!
In April we expect new marketing strategy from Komodo Team, and Ico'd that will give more potential to this E currency.
We hope best of luck for the new investors. and we think at that price it's not bad to buy and hold for short or long term.
Holders just don't panic Komodo is independent from Bitcoin price ;)
Best Regards
Komodo trending upSeems Komodo has reached it's bottom and is slowly trending up. Looking good for the past few days, on the 4H chart as well. Should hit the 50.000 sats (25% growth) within a week or so. Volume is a bit low but normal considering market conditions. Seems like a perfect buying opportunity right now.
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
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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.
KMD 2H falling wedge breakout?Hey guys, lets directly get into it shall we?
As you can see on the chart, a nice falling wedge has formed and as textbook trading as it is, falling wedge is a continuation pattern that usually bullish, still, i hate the wick on 1-4 and 1-6
im still waiting for it to reach the above resistance line and waiting for its breakout and using my 90 and 100ma as support line
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.
$KMD Looking to find douple bottom - waiting confirmation$KMD Ttrying find douple bottom at 41,000 satoshi level. Looking for confirmation and a possible buy zone at 42,000 - 43,000 satoshis.
Short term BB tightening and bullish RSI divergence building suggest possible price action soon to descending trend line.
Waiting for confirmation before getting position. Remember, not investment advice! Always do your own research - just going through my own ideas.
KMD Finds SupportTwo months in a row, KMD has been unable to close below the great support level at 50-Day EMA, howbeit these attempts from the bears were crowned with success and the price found the strong support at 200-Day EMA. The bears are desperate to push the price below the support level at the price of 45k, but the bulls are too stubborn to allow that.
Although the RSI period 14 was above the level 50 today this is a good sign of bullish market as well as the MACD will display a bullish crossover in the next few days, that will the potential to change from the downtrend to an uptrend.But I would advise you not to hurry up to open a long position and wait for additional buy signals.
KMD-BTC Update: Still looking good, I'm feeling contrarianHello everyone, I hope you're doing alright this week. It's been a wild month so far, both traditional and crypto markets have really taken a beating. I personally find it exciting that we get to see such low price levels as the very structure of how our societies exchange value is shifting. This is my first attempt at posting a video, hopefully it works. I would definitely like to have a conversation, as this is all my opinion and we can learn from one another and I'll likely have just as many questions as you do :D
Today I'm doing a quick update on my Komodo pick from a few days ago (linked).
Ichimoku Cloud explanation with specific parameters adjusted for crypto markets www.youtube.com
Chart patterns explained: www.babypips.com
Komodo BarterDEX: komodoplatform.com
KOMODO one of the most complex and undervalued projectsKOMODO just got mentioned @ IBTIMES:
www.ibtimes.com
I`ll post a writeup and targets as soon as possible, it`s one of my med/long term positions which is good to buy now.
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