KMDBTC trade ideas
$KMD, Weekly Wick Fill To 18000
Weekly
Looking at our trend timeframe we see price has came up to 28000 to test for resistance, and has since been retracing towards the downside. Stochastic RSI showing momentum in favor of the bears, next major support level at 15000. Expecting KMD to fall to 18000 at the bare minimum because of last week’s wick needed to be filled.
Daily
Shifting over to our pattern timeframe we see price respecting a bearish parallel channel, now looking to find support at the bottom of our channel. Stochastic RSI showing momentum has peaked and we should see momentum temporarily head towards the downside.
KMDKMD
Mid to long term
Mixed signals on this one. It looks like someone, or several someones are attempting to drive price down and accumulate this coin. See the strong price drops on weak volume and smaller price pumps on strong volume. So this activity could be throwing some indicators off. Bearish TK cross inside a red cloud is usually and exit signal. So, I would not buy it until it exited the cloud and had a bullish cross, or it drops down and bounces off the bottom of the cloud.
Generally though the thought of Laughing Monkey, "Throw a dart at any coin right now and it will pump," is still true, but I think there will be a better time to buy this coin in the near future. Long term I doubt it will go a lot lower than this, and the upside potential is a much greater reward imo than the downside right now. My SL would be below the trend line.
KMD - A perfect buy - starting with +20%Testing to break out of the falling wedge --> Probably the next alt that will go 20% in satoshi value
But set a stop loss --> breakout fail and could go towards the lowest point (around 19K)
Little messy, but OBV divergences like that cannot be ignoredSomeone has been buying KMD as the price goes down. Orange targets should be safe, while blue is for longer holds. Of course this depends on BTC movement, but KMD is bottomed out, with a 10% drop max to the bottom. Good luck
There is a possibility for the beginning of uptrend in KMDBTC Technical analysis:
. KOMODO/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
. While the RSI downtrend #1 and the price downtrend in daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000226 to 0.000178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000226)
Ending of entry zone (0.000178)
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= @ 0.000278
TP2= @ 0.000325
TP3= @ 0.000400
TP4= @ 0.000472
TP5= @ 0.000551
TP6= @ 0.000660
TP7= @ 0.000880
TP8= Free
There is a possibility for the beginning of uptrend in KMDBTC Technical analysis:
. KOMODO/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
. While the RSI downtrend #1 and the price downtrend in daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000226 to 0.000178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000226)
Ending of entry zone (0.000178)
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= @ 0.000278
TP2= @ 0.000325
TP3= @ 0.000400
TP4= @ 0.000472
TP5= @ 0.000551
TP6= @ 0.000660
TP7= @ 0.000880
TP8= Free
KMD at critical support...There is nothing much to say here...we further sink if this trend line breaks.
KMD cup and handle possible scenarioKMD cup and handle possible scenario, i'm waiting for the buy zone
Komodo manipulation againNever Be Manipulated Again
Today at 1:00 PM
jl777 founder of Komodo ask everyone in official telegram group for selling KMD to him and he said:
"jl777: ok, please sell your KMD to me, I have 65BTC or orders waiting to be filled"
We will investigate this issue and get back to you with more info's soon
You're reading this because you have reached an “enough already” point in your life. Or someone really manipulated you into doing something you didn't want
$Komodo W/ Wings...Wait... $KMD
Weekly
Looking at our highest timeframe we see KMD has been in aggressive downtrend since December 2017, lower high recently formed back in April 2018. Stochastic RSI showing us momentum is heading towards the downside. Potential double bottom formation at 35000.
Daily
Shifting over to our pattern timeframe we see price has broke out of its descending wedge, only to find resistance at 45000. Lower highs were formed at 44000 and slightly above 40000. Stochastic RSI showing sun momentum looking bullish. A daily close above 35000 activates our trade.
Conclusion
After daily close above 35000
$KMD Road to $250KMD is setting up for a breakout. Dico's have been rolling out on the KMD platform driving more demand, also the 5% annual interest on holding KMD in the agama wallet will attract projects to lock up some of the KMD they raise. Their BarterDex is by far the best tech in the space. New GUI will follow this year.
Komodo, the sleeping dragonFrom a fundamental point of view and I QUOTE from their group:
"
-20k tx/s confirmed - soon more when testing with aws
-Hyperdex: decentralized exchange (95% of coins/tokens covered)
-Ability to launc icos and dicos (decentralized icos)
-You can develop your project on your own chain, even if komodo goes down (which is pretty much impossible) your business will not be affected
-safety, speed, low cost, privacy
-so far 6 icos/dicos, should be loads more before eoy
-due to scalability there are projects considering jump from eth to kmd (i think one already did)
-that's just for starters, you can check more from youtube, reddit, telegram main channel and slack. Basically the tech is years ahead of many others
" End quote
So Komodo has a lot going for them from a fundamental point of view which will definitely drive the price up.
Technical Analysis :
- On the daily, we are on the lower end of the RSI channel, indicating a potential reversal, as we hit a double bottom on the RSI : BULLISH indicator
- We are currently trading below EMA's, but TTM squeeze is indicating a movement soon ( look at the red squeeze on my TTM indicator ), this indicator is used to detect momentum movements, we will use other indicators to determine whether it's up or down : Neutral indicator indicating a change
- We have, so far, traded between the two resistance lines in green that I drew, and have respected those ratios for a long time. The price is near the bottom: BULLISH
- We are sitting on the red fibonacci line : BULLISH
In conclusion : I see absolutely no bear signs for this, and we are near the bottom, so my conclusion is that we will go up for sure. I will post the targets in the updates soon.
KMD idea
Strong consolidation in this area
Having a little trouble breaking MA resistance
MACD neutral but RSI looking like its curling down
Looking like we might head back down to support & pop 6/2 depending on market conditions.
KMD KOMODO- simple chart short term bearish, long term bullish5/22/18
- KMD currently bound in this symmetrical triangle and heading to logical support levels at 3350-3100 (entry point)
- then we'll need to see a break above the symmetrical triangle to consider a bullish reversal pattern
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Waitin', watchin' the clock, it's four o'clock, it's got to stopSuper bullish as an investor of this coin, currently in open beta testing of decentralized exchange UI. This project plods along at a fairly decent pace releasing tech, fixing problems, updating code and releasing new features. This tech, this coin is a gem but it'll have to "win" the old fashioned way with better working tech versus the better cheerleaders other projects have. If ETH/BCH was doing what this project was doing we'd never hear the end of it on twitter.
Chartwise right now seems to be trending upwards in a slow manner within a channel. One really big wick on a 4 hour candle sort of makes one scratch their head and ponder. Big whale market bought a bunch in one shot? For my charting I've decided to ignore as it seems a massive one off. Is that right? Thoughts on this wick/what to do with it regarding charting?
I'm very inexperienced at pattern trading and all my posts are meant as a public record of my thoughts as I learn to trade. Please do your own research before taking a position in any investment.
