Komodo: An Example of the Paradigm ShiftWith Komodo (KMD) up big recently, it gives us a moment to reflect on an earlier bullish idea in this coin.
KMD was the coin that convinced us to change our view on altcoins. We were fortunate to see the breakout here. That led us to believe that a range in Bitcoin (BTC) was an opportunity for altcoins to rally.
Bottom Line: Right now, KMD is at significant resistance, and we would be taking some or all profits here. We do, however, believe that alts will continue to rally vs. BTC until further notice.
Komodo
There is a possibility for the beginning of an uptrend 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 64.
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 possibility for the beginning of an uptrend 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 64.
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
Komodo Next In Line | Decisive Break Above Resistance (65%)Komodo (KMDBTC) had a strong bounce recently and just moved above EMA50 on high volume.
This signal tells us that this pair is ready to move up and grow.
The RSI is now at 60. A few months back, we would see the RSI sitting at 10, 15, 20 and such for most altcoins even if they were moving up.
Now we are seeing strong RSI across the board even while these pairs are hitting new ATLs.
Now that KMDBTC is back above EMA50, we can expect more bullish action.
The next and main target is marked on the chart with a bold dashed magenta line.
I marked two additional targets for short-term gains.
Remember to have a plan and use a stop-loss if you decide to trade.
Thanks a lot for reading.
Namaste.
Komodo: Doing the Unthinkable?You may have noticed that we are done telling people not to chase altcoins. That's one thing. It's another thing to say to people to buy an altcoin at resistance. That seems crazy, and it does not always work.
In the case of Komodo (KMD), it might. We are noticing that Komodo (KMD) has already taken out its previous 4th. That means it has moved past the point where the last avalanche lower began. So, even though Komodo (KMD) is up a lot, we do think you can start buying dips looking for even more upside.
Bottom Line: Whatever alt has good upside momentum may pull in more and more speculative money. We don't like it when the crypto market turns into a casino. That said, we love going with momentum in any altcoin with a decent chart and reasonable fundamentals. The Chinese have declared, "blockchain is back!" So, that means there are alt plays out there that could embark on extended up trends. Komodo (KMD) could be one of those plays.
LONG - KMD - Trading OpportunityKMD looks ready to break resistance, volume and price movement indicates that we have been consolidating for a couple of months now.
Entry: 0.0000730
SL: 0.0000689
TP 1: 0.0000795
TP 2: 0.0000850
TP 3: 0.0000933
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Komodo Recovers | Strong Move Ahead | Easy 66%+ PossibleKomodo (KMDBTC) is printing a very strong bullish candle today.
After hitting a peak on the 7-Oct., KMDBTC retraced and produced good volume to break below EMA50 and EMA10... Today, a strong bullish candle regained those levels back, meaning, KMDBTC is now back above EMA10 and EMA50... This is a strong bullish signal.
This move is also supported by big volume, above-average, and the biggest volume bar since the 6-Sept. bounce after the ATL was hit, confirming that this is a strong and solid move.
The RSI is strong and the MACD on the bullish side.
Komodo can easily continue growing.
Conditions for chnage
If KMDBTC moves down and closes below EMA10 or the green trendline, the above signals are invalidated and we switch our view from bullish to bearish until a new analysis is published.
Thanks a lot for your continued support.
Namaste.
Komodo Prepares For A 111.1% Profits Wave @alanmastersI love Komodo (KMDBTC) as a cryptocurrency project as well as a crypto-trading pair.
The first being because it is a solid project and the second because it always generates great profits for us. I am mostly called to this chart at the right time...
Let's take a look at Komodo differently for entertainment. We will ignore our classic, highly effective, signals for something different.
Let me call your attention to the yellow (EMA200) and grey (EMA300) lines. These are moving average lines, an indicator.
Notice how bearishness starts after the price moves below these lines/level... But after a low is hit and bullish divergence shows up on the MACD, basically the price gravitates back towards these same lines (green arrow).
Right now we are seeing KMDBTC trading far below EMA200 and EMA300. Bullish divergence is already showing on the MACD. So as we've seen before, KMDBTC price is now expected to move towards these lines and break pass above them.
If this isn't enough to convince you that Komodo is now bullish and will soon move up, then we still have all of the classic signals that are also active on this call.
SPOILER ALERT . Komodo (KMDBTC) is about to move up!
Namaste.
Komodo: Playing the ProbabilitiesIn this case, KMDBTC has rallied to the 38% retracement of its last thrust lower over the previous month. The 38% retracement level is at 714. There is additional horizontal resistance at 725.
Where KMDBTC is different from other altcoins we have looked at, is there is a scenario where you FOMO into a long. If KMDBTC closes a 4H bar above the 50% retracement level at 740, a much bigger rally could unfold.
Bottom Line: There's promise here. In the meantime, respect resistance.
Today`s ALT!!! KMDBTCBINANCE:KMDBTC
Exchange : Binance
Coin: KMDBTC
Buy Zone: 0.000067~0.000066
Target Point: 0.0000705/ 0.000075/ 0.000081/ 0.000086
S/L: 0.0000645
Risk: HIGH
Term: Middle
It`s making Symmetrical Triangle !!
It`s time to pump!!!!
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Investment is your responsibility.
I'm just providing about coin`s information
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KMDBTC Long IdeaHolding uptrend nicely, currently testing downtrend resistance at 0.0001162. Volume still pretty low, but looks like a solid entry if we can keep this trend going.
Entry: 0.0001130~0.0001160
Target:
1: 0.0001193 (untested downtrend)
2: 0.0001309 (untested downtrend)
3: 0.0001710 (tested downtrend, this is the top of the move up two weeks ago)
Stop: 0.0001085 (below uptrend)
KMD BTCBINANCE:KMDBTC making a symmetrical triangle, at the moment the price is touching the LTA along with MACD H4 Crossing. For the short term you can get the top of the triangle and already have a good percentage of profit. For the long term one can wait for the triangle to break and seek levels around 0.00001416. I emphasize that one must be attentive to the movements of the BTC before making any entry.
$KMD Rebrand Coming July 15th - BTC Lower VolatilityWith less $BTC Volatility and a full re-brand coming for Komodo, the next couple days are looking great for $KMD.
$KMD will introduce Antara Smart Chains & a full re-brand on July 15th. The re-brand was initially planned for end of Q4 2018, but was pushed back to ensure it was completed properly.
Longterm levels drawn using the 1W. I'm expecting a test of upper side of the wedge (18500 - 19000 sats).