Ascending Triangle Breakout is Eminent!A breakout of an ascending triangle should occur in the next few hours. Keep a close eye out!
Komodo
Komodo Ascending Triangleit seems komodo is holding well in the triangle while btc is bleeding. means a moonshot to new ath. possible 3x
also golden crossover.
KMD looks ready for big gainsThis coins has great tech and the accumulation is increasing rapidly. It has completed waves 1, 2 and it is in the process of completing wave 3.
Komodo - Buy Opportunity KMDThe price bounced from 0.000175 level and moved upward. The price broke SMA100 and it confirms that the downtrend is over. Pending orders for buy should be placed at 0.00022 level with stop orders at 0.000177 level.
Komodo fib retraceKMD has been consolidating in demand zone, will re-test upper channel and if we break that resistance, its likely to retrace to 50% level on fib. The Phoenix shows us we are going to re-test barrier at a different level this time, which is why I am taking a position.
KOMODO (KMD/BTC): The dragon recoversKOMODO is one of our fauvorite picks for 2018. With more advanced features than its competitors ZCash, Monero and Dash, it still has a marketcap under 1k USD millions. Keep the previously mentioned targets.
KMD the price moves in the downcanal. The increase in volume and the cross MACD up can talk about future growth.
Purchase - 0.00017-0.00026
target is 0.0004-0.00055-0.00075
Komodo - Sleepy and Low Volume, but Breaking OutFrankly the only reason I paid any attention to this coin is because they achieved an atomic swap with Bitcoin Cash.
Bitcoin Cash is an exceedingly big deal and a sleeping giant. 2018 will show that, and so I started to take a look into this coin.
I know virtually nothing of its fundamentals besides that it's a d0x exchange protocol/token.
This is a 12 hour chart and it's a long term chart. This coin is capable of much, much more than this target when it really starts to go.
It's just now breaking out of a long term bear trend.
It's a good opportunity and a trade merely back to a retest of the prior trendline is worth a risk:reward of 4.14
Let's see what this coin can do. Trade thread on Yours.org to come.
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Komodo vs Bitcoin - Great Timing?Komodo found the support at 17k satoshi, that is 261.8% Fibonacci retracement level applied to the corrective wave after the ascending channel breakout. The rejection was very clean, followed but the wave up which resulted in break above the descending channel.
Current price action suggests that KMD/BTC could be correcting upwards or even reversing for a longer term. Price could rise up to 40k satoshi, where previously Komodo formed a double top. Break above that resistance could result in a continuation of the upwards momentum but it is yet to be seen. Only a daily break and close below the 17k satoshi could invalidate bullish outlook.
KMD buy opportunity - LongKMD has strong fundamentals and is considered as a long-term investment. The previous drop got the price to the support line 26000 sats, which is a good entry point.
Price is getting closer to the end of the flag and is rather unlikely that the price will further drop.
ADX DI gives at the 1h a bullish signal. Yet the volume is missing. MACD is also sending some bullish signal.
If the first target at 28900 breaks further upward trend to the second target is expected.
First target is 28900 sats
Second target is 39000 sats
Third target is 55246 sats
Good luck!
Disclaimer: I'm new to TA and try to contribute some thoughts. I appreciate any feedback very much in order to learn from your experience.
Komodo speculative chart for 2018will 2018 be the year of kmd ?? chart is pure speculation, not trading advise.
based on elliot waves, market cycles and its dates, FA.
Komodo: Time to RebuyAfter Bitcoin rally it pushed a lot of alt coins lower than it needed to go. However, that let us buy these coin at a cheaper price. It is going to be the alt coin turn to shine soon. What are your thoughts?
Trade with care.
Short Komodo !!!, Price is hovering around the supply zoneShort Komodo !!!, Price is hovering around the supply zone for sometime. Arc is perfectly fitted feels like it will form a Cup and handle. Half of the cup is done, remaining has to be done.
Break above the Supply zone makes this trade void.
Trade based on your risk appetite. Always have your own sl.
KMDBTC: Buy SetupLooking on the hourly time frame, Komodo broken the resistance and currently holding the support well. This is usually indication of the next impulse move up to the next major resistance. What are your thoughts?
Trade with care.
Komodo buyVery promising coin.
1. at the level of 0.00029 we see strong support.
2. The highlighted candles represent the "tweezers" pattern after which the turn must follow.
3. The price is in the lower area of the Bollinger bands. the price can jump up sharply
4. The RSI is below 50 and is directed upward, and the stochastic RSI is in the oversold zone and made the cross up.
Relying on this, I expect growth.
Purchase 0.000295
stop-loss 0.00025
target 0.00036-0.00050 (blue lines)
Fix profit in parts
$KMD still hasn't had its pop and is ready to blow!$KMD is in a tightening ascending wedge and should rip soon! It looks like over 60% potential before significant resistance at the next fib level.
$KMD Komodo Cup & Handle InterruptusKMD is fighting back hard to get back into it's cup and handle, if it continues it will be the first among many to make up losses and continue the pattern up. Like every other altcoin though, it is but a rag doll for king BTC to swing about.
KMD BounceI think KMD will bounce off the old downtrend resistance line now turned support. I like a buy at 28k. MACD also bottoming out.
