KMD THE SLEEPING GIANT Breakout confirmed + Bitcoin Hush AIRDROPKOMODO will likely emerge as one of the most liquid privacy coins in 2018, and I would suggest anybody to look into the huge potential it has for this year! They have an open-source project that is making waves in the blockchain technology. Leading 1st place with over 30,000 Atomic Swaps, its BarterDEX technology hopes to create a decentralized exchange (DEX) for Bitcoin, bitcoin-protocol, as well as other SPV Electrum-based coins. Not only this, but it utilizes something called JUMLR which is an anonymizer that allows individuals to mask their trades. More recently, Komodo has got an Airdrop coming up with Bitcoin Hush and some planned further announcements coming up like a New Website Launch. I'm sure more marketing will get pushed as they go LIVE and attract more investors into their community. As we seen in December, this coin can rally fast so lets check out what it offers.
TA - On the DAILY:
- Recently broke descending triangle pattern
- Heavy rejection on 50,000sat support level
- MACD crossing supports bullish movement
- RSI moving (also a good short-term BUY)
My Trade Idea:
BUY: Below 63,000sats
SHORT-TERM (1-2Weeks)
Target 1: 70,700sats
Target 2: 79,000sats
MID-TERM (1-2Months)
Target 87,600sats
Target 4: 98,000sats (0.618 Fib)
STOP-LOSS: 44,000sats
PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice!
SOURCES:
komodoplatform.com
twitter.com
medium.com
