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KMDBTC trade ideas

KMD short Target !Hello World ! The price of the initialization at Komodo is a retest of 40K following the decline witnessed in the previous sessions, noting that the SMA 50 is a strong negative pressure against the price, in conjunction with the stochastic reaching the levels of overbought now. Therefore, these factors encourage us to continue with the bearishness in the coming period, noting that our next target is at 29K to 27K, while the breach of 40K will push the price to test the 45K to 50K level initially before any new attempt to decline. The trading range for today is expected among the support at 27K to 29K and the resistance at 30K The general trend for today is bearish Best regards
Short
by aminesoft
Possible breakout for KMDAfter the alt coin breakouts from 2 days ago a lot of people have been saying it is the beginning of alt season but I am still skeptical. However, there can definitely be some nice short term gains to be made if you look in the right places and time your entries and exits right. KMD, as most other alts has been in a downtrend for months now but KMD has broken out of 2 long term resistances, it has broken out of the descending wedge and even tested it as support and it has broken out of the long term horizontal resistance but it has not tested it as support as of yet. If you look at the daily chart you will be able to spot a bullish divergence on the RSI which furthers my claim that there can be a possible breakout. The only thing I am concerned with is the volume is looking unconvincing, if you look at ICX now for example, it has had a massive volume increase which shows a large interest in ICX at that price level. I will be keeping an eye on KMD for now and see how it progresses.
Long
by Ifuloseulose
If we don't break out now, wait til Week 1 or 2 of April KMD/BTCKMD is in a beautiful falling wedge. We're sitting on a support line right now, and this is right after a perfect hammer formation. I'm expecting to break out very shortly. In the event we fall below this support, I expect us to move down a bit more towards the end of the squeeze of the falling wedge and will be looking to break out within Week 1 or Week 2 of April - so I will be keeping a very close eye on this one. Either way, we're due for a breakout, it's just a case of where to place buy orders - so for short term, I'm waiting to break the current resistance before placing a buy, in the slightly longer term, I'll be waiting for the end of the falling wedge. Comments welcome! I'd love to hear your take on this.
by CKinofler
Komodo (KMD) Potential OutcomeSome notes on what I see on a 1D chart for KMD: - There was a clear bounce off of the diagonal resistance line which validates the trendline. - A bearish-cross was made around the 11th of February and we are still trading below the baseline (bearish af for the meanwhile) - Notice how the convergence line (blue line) and the baseline (red line) have deviated away from each other. I expect some sort of consolidation in the short run which will bring those two lines back to normal levels. - If price bounces off the diagonal support, this may indicate that the 5th wave has finished it's course. - Still trading below the kumo cloud and haven't had a retest of it since February 17th. We shall see how price reacts to that level once it reaches. - If Bitcoin goes any lower in the next few days, I believe most Alts will follow, including KMD. This will validate lower lows. - RSI is also showing oversold levels as well, let's see how much lower this can go. I am no expert nor a financial advisor. I am merely practicing some new indicators I've learned as of recent. Please be diligent with your research before making any investment. Always remember to protect your capital!
Long
by tculia
3
DIGITAL ALPHA Update KMD - Get ready to ride a KOMODO!DIGITAL ALPHA is on a caffeine kick and busting out two scenario charts today. This one was charted by D.A.'s finest "El Sol"! Today we have Komodo! Great project here. Their BarterDEX is gaining momentum and soon we will see some dICOs (decentralized ICOs) hit their platform, which is why we are keeping our eyes peeled to KMD! So let's get started. Komodo is in a descending wedge pattern with breakout potential between 122% and 420%. Yes, major discrepancy, but we will explain. First, notice we have 3 descending wedges on our 1D chart. The first two have broken out and hit a resistance at our 0.786 fib line (0.0008btc). We are now on number 3 and we have not broken out ...yet. There are 3 indicators that need to flash "buy" before we have our breakout. We will look back on the first 2 wedges to explain. So, looking at wedge #3... 1) EMA Crossing (not yet)- We have a yellow circle on wedge #3 highlighting where we might see our 50 and 200 EMAs crossing, which will usually result in a quick downswing...but for us we see it as opportunity! You can see in wedge #2 the breakout happened afterwards and in wedge #1 it was too early for 200EMA. 2) Volume Peaks after a period of low volume (not yet) - Here we are looking great and volume is descending as expected. This is seen with our black arrow on the volume chart. Our MACD indicator looks great as well and has started to turn a little, meaning momentum "might" be starting. We sometimes see the MACD turn before volume starts, so be on the lookout for that. Volume peaked on both Wedge #1 and #2 before the breakout. Also note the MACD here. 3) Upper Resistance Breaking (not yet) - This will be the 3rd indicator we want to see before we buy. Usually the first two indicators (EMA, volume) are both supporting the trend by this point. The upper blue line needs to break before it signals a breakout. Currently, we see two potentials, The conservative trade would happen during a breakout when price is at 0.0003btc and a potential sell (based on trend based fib lines) at 0.00065btc. If you are more aggressive and buy a dip that usually precedes a breakout AND we revisit ATHs (very possible with BarterDEX and dICOs coming soon) then a visit to 0.001btc levels is possible, which would yield 420% returns. This is DA, we hope you like our material. Comment below if you want us to highlight any tokens you have an eye on. - DA Bull ----- As always - DYOR Digital Alpha is not a licensed financial planner, financial advisor, stock broker, investment broker, or investment advisor. Before making any trades, check with a financial planner, investment advisor, tax advisor, or anyone else that controls your finances to make sure trading is right for you. The information provided here should not be construed as individual investment advice. All information presented on this site is the opinion of the author only and is not a solicitation to buy, sell, or hold any investment or security of any kind.
Long
by DIGITAL-ALPHA
KMD/BTCKomodo is approaching is buy zone in the 33.2-28.2 range. The traders EMA are starting to compress but the inverstors EMA are still expand. So I expect consolidation in that range and I'll wait for the contractions of the Investors EMA before taking any kind of positions to see if the dip is nearing the end or another dip to the other box can be in play. I expect a bounce in that 33-28 range though before a retest of ATH or maybe new ATH we never know. Komodo is a really solid project fundamentally being the first project to do atomic swap between BTC and ERC20 token. New website coming up, new team member, new marketing so pretty neat future in my opinion.
by FredRochette