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
Komodobtc
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 could be 180K Satoshis by end of the year ! +500% EasyHello World,
Komodo platform keep updating Road-map with hard work inside SuperNet !
We can't hide that Komodo Team won't support the price of Komodo behind exchanges ! that why many small groups try to control the Komodo 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 +500% from now to end of this year Naturally ^^'
Holders , Please keep that in your mind next year we expect Komodo price to 180K Sat or 220K Sat 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 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.
$KMD Looking to find douple bottom - waiting confirmation$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-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
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
Komodo Consolidating and soon Moving UPWARDSLove the fundamentals of Komodo.
Bounding between strong support and strong resistance.
My guess is it breaks out of this triangle and creates a whole new leg and wave up.
If you spot the break out of the triangle with a strong green bar and strong volume...BUY!
Komodo is actually in the triangleKOMODO is located in a triangle that connects to one of the 2 strong resistance that is the last ATH.
If we break this resistance to the next and the previous largest ATH, we have 17k sat increases (~ 19.5%)
We must stick to attention because currently the price is very low in this triangle and there is a chance that it will come out at the bottom :)
Although in my opinion, the price should go up because on January 1 an interesting event is being prepared :)
KMD 45 MIN QUICK OVERVIEWKMD looks NEUTRAL compared to BTC performance. Los Angeles 2:52PM.
What to look for:
Rising wedge in the price action is a warning number 1.
RSI bearish divergence is a warning number 2.
Macd bearish divergence is a warning number 3.
KMD was slightly bullish enough to enter the clouds where it finds some support.
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.