KMDBTC trade ideas
Komodo Hits Demand Zone: Double Bottom + Bullish DivergenceKomodo (KMDBTC) Chart Analysis
KMDBTC Long term chart:
Here we are looking at a double bottom on the long term weekly chart for Komodo (KMDBTC).
After this demand/support zone was hit last time, back in November 2018, KMDBTC went on a bullish wave that generated 190% profits. We believe that the next wave can be even bigger, we are looking at around 250% profits from the current price to resistance. Up to 720% in profits to ATH.
Bullish divergence on the MACD.
Increasing trading volume.
Let's take a closer look to see the different signals in the making (main chart above):
The bullish divergence on the above chart is marked with a purple arrow and is showing up on both the MACD and RSI.
Now trading above EMA10 (needs a close above it on the daily time frame for signal confirmation).
Komodo (KMDBTC) hit strong support (demand zone) and is very likely to produce a bullish wave within the next 1-3 weeks.
All details are shared on the chart.
Feel free to hit like to show your support.
This is not financial advice.
Namaste.
Komodo (KMD) | +65% PP | FREE TRADING SIGNALPair: KMD/BTC
Exchange: Huobi or Binance
Trade Duration: Medium
Risk: High
Signal Strength: Medium
Introduction
Komodo is an end-to-end blockchain infrastructure solutions provider. Consistently recognized as one of the world’s most innovative blockchain projects, Komodo is developing technologies at the cutting-edge of the blockchain industry. In reality, most blockchain platforms today are but a single blockchain that offers support for smart contracts and decentralized applications. This model forces all projects to share the same infrastructure, leading to congestion, increased transactions fees, and stifled growth. Whereas other blockchain platforms employ a single, shared-blockchain model, Komodo’s federated multi-chain architecture provides each and every external project with independent infrastructure and a dedicated blockchain.
See attached chart for Technical & Fundamental Analysis
Our Entry Zone
0.0001405 - 0.0001519
Our Targets
1: 0.0001743
2: 0.0002014
3: 0.0002315
Our Stop Loss: 0.0001368
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Axsonex Team
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DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page. Sources: binanceinfo
KMD/BTC - 1D Chart (Long)KMD/BTC is setting up for a bullish move over the next few weeks. The price has tested the B.0002250 area repeatedly over the last few months and has held support after each failed attempt. We are now at that price level again and probabilities favor a bull break. Price action has created a bull-cross and the CCI is showing strength. KMD could easily gain 100% from current price; updates will be provided as trade develops.
KMD - Looking for SR to holdI like KMD. I like its eco-system, and I like the token.
I've been waiting for KMD to retrace.
The scale of the alt retrace has been stronger than many expected - but it offers up new opportunities.
I will keep watching for the Market Structure to hold for an entry, no point risking all in from here, wait for confirmation for the sake of missing out on a few % gains.
$KMD - LONG - 1D - TRADE IDEAPROS
- Bullish divergence on the RSI Daily
- Currently holding Feb lows
- Price is squeezing in anticipation of a move
- Good R/R for this trade
CONS
- Sill has low volume at this level would like to see a spike in volume
Want to see it hold above its December lows to hold an accumulation and higher lowi if it closes under 1793 I will look to enter again lower