KMD on its way to a double top??Daily timeframe looks good.EMA 200 could act as resistance, thats where i put my first target. But my guess is we will break it and go towards the previous high where we saw some harder resistance.
KMD is getting supported by a bunch of moving averages on multiple timeframes.
Lower timeframe indicators tell me we could go down a bit before making another run. 15 min charts shows we could go down to 1800 range first.
KMDBTC trade ideas
KMD-BTC Long Trade PlanCommodity : KOMODO
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1 Week
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 8% to 24%
Prospective Loss : 4%
RRR : SL to TP1 is 1.71, SL to TP2 is 2.92, SL to TP3 is 3.92 and SL to TP4 is 5.05
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
KMD thoughtsExperimenting with no wicks.
Still learning and here are my thoughts.
Short term bearish:
1. Rising wedge developing
2. Bearish divergence vs. RSI
3. Potential bearish divergence in the making vs. STOCH
Overall very bullish based on high time frames:
1. Price above the kumo on 1D/2D
2. Lagging span currently above the kumo and price on 1D/2D
3. Bullish TK cross above kumo on 1D and currently shows a bullish TK cross forming above the kumo on the 2D
Expecting a move down to the buy area and bounce/move up to the target.
With patience, I think this has potential for some great gains.
Target may be conservative since i'm not using wicks.
Critique and feedback always welcome.
KMD isn't done yet!Look at the triangle that I drawed, it look like will be bounce. I think KMD will go more up so you guys can start to add KMD more here.
no another reason but I think this prediction is perfect. but don't forget to follow the BTC chart becouse BTC is the king of all crypto and there some issue that BTC dump because of manipulation.
Take your own's risk guys!
Komodo (KMD) Inverse H&S 1D, buying on pullback! Upto 70% gainBINANCE:KMDBTC
BITTREX:KMDBTC
KMD finally seems to have found a bottom and formed a beautiful Inverse H&S.
RSI and MACD confirm the expectation of upwards move, both holding on the positive side and with a strong uptrend formed.
At the break of the Inverse H&S there was a large candle accompanied by a large volume confirming the strength of the movement.
20MA crossed up over 200MA and now both are pointed up.
Ichimoku is in a green cloud, Chikou is above the current price and Tenkan crossed up from Kijun.
I am making the first buy right now in the pullback and for protection of the position I will leave another buy order below.
In the next comment I will send the complete instructions for this call.
If you can please help me by hitting LIKE, GOD BLESS!
KMDBTC Latest Technical Analysis 110% target projection.You can see the Chart of NEOBTC on Weekly Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan