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Komodobtc

KMD / BTC - Path to breakout of weekly resistanceKMD appears to be approaching a breakout of its weekly resistance. It made yet another attempt overnight and was rejected. A strong bearish divergence provides confluence that we may see a move back down towards the bottom of its channel before we make another breakout attempt on weekly resistance (approx ~330-350) Let's see what happens, this is one of the few relatively well-known alts that hasn't yet broken weekly resistance, and I believe it still has a good chance but may see a bit more consolidation prior to making a big move. Targets are displayed on the chart, bottom and top of channel, and if and when we get a real breakout of the parallel uptrend here, we could see it go parabolic. This idea is invalidated if we fall below the channel and fail re-entering. Short term - Short, bottom of channel Long term - Long, top of channel, and/or much higher if we cleanly break above it Thanks for your support, please comment and share any thoughts or ideas you may have as well, cheers!
Short
by dudebruhwhoa
4
Easy trade For KMD/BTCKMD is has just made contact with the trendline hovering near the bottom support. It is bouncing up and down, winding and may break out of its triangle. Since it is near support this can be a decent easy trade at least to the top of the triangle. Btc has also likely topped at this time. If it breaks downward, please ensure a stop loss is secured. KMD/usdt has been newly listed on binance within the past couple months and has not seen any major activity just yet. Based on the long term price charts from other exchanges it may fall 15% before launch Time (52 cents is strong support). Monitor all three carefully before deciding to enter a trade. Not financial advice.
by SunnyBha
3
THE RETURN TO GLORY!KMD has broken out of the (861 days) downward trend line and is currently testing support on the 4 hour chart. This thing has been coiling forever and an increase in volume has been occurring at KMD's bottom since October 2019. There is naturally some resistance points (red squares) but as momentum gets going I do not expect they will be to difficult to bust through (except for the ATH). What goes up must come down; the next year should be fun to watch. THIS IS NOT FINANCIAL ADVISE; Y'ALL ARE ADULTS! CRYPTO IS HIGHLY VOLATILE.
Long
by DuubDigital
Komodo looks bullish next weekTrend seems to be bullish as the candles are making higher lows. Also the weekly resistance had been broken as well as it has been tested and rejected, which shows the 622 is a strong support. KMD is going to test the monthly resistance at 809 and may wick above upto 957 level which has been test 3 times before. Third confirmation is that the trend lines are being respected. 716 is the support on the trend line as KMD also broke the trend line. This red weekly candle with a wick below is the first test of the newly made support. In coming weeks we may see 10 to 15 percent increase, we can wick past that as well upto 957 which would be a 25 percent increase. I usually dont use indicators, More of a Price Action lover. Indicators like MACD, RSI are great. Gonna use in coming charts. Trade safe, dont invest your 100 percent in one asset. Good luck.
Long
by SmartMaxi
KMD / BTC Channel 111%. Reversal zones. Work on a coin.After the price exited a descending wedge, a horizontal accumulation channel formed. External channel width 111%. Domestic about 50%. Liquidity is average. The channel and pivot zones are shown on the chart. Price fixing above the channel resistance level (yellow zone) may serve as confirmation of further growth. Not overcoming this zone can serve as a price reduction to the indicated important channel support zone. Further, how the price will react to this support zone. Now is not a good entry point, as there is uncertainty in the further price movement. Tool for observation. Good potential entry points: 1) When fixing the price above the resistance of the current channel (yellow zone). 2) Entrance from the bottom of the active channel upon confirmation of support. Stop loss Set Stop Loss value with calculation of your trading strategy and money management. Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work. The first potential target showed on the chart. 1) From channel resistance in case of consolidation + 60% and if the uptrend will develop even higher. 2) From the bottom of the channel about + 111%. The previous trading idea for this coin gave + 55% from the moment of breaking the resistance of the downward wedge.
by SpartaBTC
KMD Support buyHello Traders The KMD is close to a strong level of support. It is an excellent level to buy for an oscillation trade due to the good probability of reversal. How to proceed in this opportunity? There are 2 strategies. The first and the simplest is to buy the asset now with a stop below the last lower level. This is the easiest strategy, as there is no need to monitor the asset all the time. The second and most accurate is to wait for a candlestick reversal pattern. This is the most accurate, as this will ensure that you will buy the asset in the right direction. Please press the like button and follow us on the trading view.
Long
by MarketMinds
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. Please, push like button and subscribe. Best regards, Sandro and Gustavo
by MarketMinds
KMDBTC formed bullish BAT | Upto 80% move expectedPriceline of world's 66th ranked cryptocurrency Komodo (KMD) has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the move of price action to see how perfect this pattern is driven: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below: Buy between: 0.0000685 to 0.0000609 Sell between: 0.0000867 to 0.0001138 So thi chart would be a good long opportunity for upto 86% bullish move. Regards, Atif Akbar (moon333)
Long
by moon333
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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. 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
Long
by ForecastCity
2
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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. 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
Long
by ForecastCity
4
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
Long
by ForecastCity
4
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
Long
by ForecastCity
11