$KMD Looking to find douple bottom - waiting confirmation$KMD Ttrying find douple bottom at 41,000 satoshi level. Looking for confirmation and a possible buy zone at 42,000 - 43,000 satoshis.
Short term BB tightening and bullish RSI divergence building suggest possible price action soon to descending trend line.
Waiting for confirmation before getting position. Remember, not investment advice! Always do your own research - just going through my own ideas.
KMDBTC trade ideas
KMD Finds SupportTwo months in a row, KMD has been unable to close below the great support level at 50-Day EMA, howbeit these attempts from the bears were crowned with success and the price found the strong support at 200-Day EMA. The bears are desperate to push the price below the support level at the price of 45k, but the bulls are too stubborn to allow that.
Although the RSI period 14 was above the level 50 today this is a good sign of bullish market as well as the MACD will display a bullish crossover in the next few days, that will the potential to change from the downtrend to an uptrend.But I would advise you not to hurry up to open a long position and wait for additional buy signals.
$KMD & $ZCL Pumps are done, no more buyersKMD Pump short lived, got a 9 sell count on the HR, back to support. ZCL is also done, we should go back to support at .01. There might be another pump next week before the fork on the 29th of Feb. After the fork, ZCL could loose at least 50% of value. Stay safe.
KMD-BTC Update: Still looking good, I'm feeling contrarianHello everyone, I hope you're doing alright this week. It's been a wild month so far, both traditional and crypto markets have really taken a beating. I personally find it exciting that we get to see such low price levels as the very structure of how our societies exchange value is shifting. This is my first attempt at posting a video, hopefully it works. I would definitely like to have a conversation, as this is all my opinion and we can learn from one another and I'll likely have just as many questions as you do :D
Today I'm doing a quick update on my Komodo pick from a few days ago (linked).
Ichimoku Cloud explanation with specific parameters adjusted for crypto markets www.youtube.com
Chart patterns explained: www.babypips.com
Komodo BarterDEX: komodoplatform.com
KMD - very short term potential profit or drop caused by BTC KMD tried to brake the 89k resistance line, got punished for that and dropped several times to 45 area being affected by multiple BTC drops. It held pretty steadily around the 45 which seems to be stable support. It appears to be ready for an imminent breakout. This is my idea of a very short-term potential profit. If you own KMD, I suggest you sell small partials on the way up as there is a chance to see a new all-time-high pretty soon for KMD. Also, take into consideration a potential BTC drop, and you need to set a stop-loss just in case its primary support will fail. Less likely but place a stop-loss to avoid a significant loss.
KMD-BTC 165.58% profit potential - Bet on a Decentralized FuturePresented here is my analysis of KMD, be sure to do your own research. We are in the middle of an overall bearish channel in the market as well as in the middle of a powerful FUD cycle concerning the Tether-Bitfinex scandal. You can do a bit of your own research here www.tradingview.com
On the daily chart we have strong bullish signals that this symmetrical triangle wants to break to the upside. It has attempted to do so a few times but quickly retraced on all occasions. The Ichimoku cloud has flipped bullish on precisely the location where the triangle has reached a point where it can hardly consolidate any longer before making a vital decision. As always I am using the altered Ichimoku settings used by guru Josh Olszewicz ;) You can find an explanation here: youtu.be
The declining volume and bullish break of those multiple inside bars at the end of the triangle show us that the momentum is in favor of the bulls, however the current pinch of the overall market on top of the aforementioned FUD has set the bulls back a bit. But all things considered, KMD has weathered the current FUD and market correction cycle incredibly well.
Look closer and you’ll notice that I didn’t even draw a line on that symmetrical triangle — it completed itself via the 50 day moving average. You don’t often see something like that, so I’d say there’s a healthy, sustained growing bullish accumulation going on for KMD.
You’ll also notice that I couldn’t draw but a single line on the RSI to indicate any sort of divergence because it’s so tight — We have a clear indication of hidden bullish divergence with higher lows in price and lower lows on the RSI.
Many people think that atomic swaps and decentralized exchanges will not catch on for a couple more years, but I’d say things are going to move quicker than people think. Considering what’s happening with Bitcoin being declared a hard fork of Bitcoin Cash and Tether blowing open, not to mention some of the largest exchanges out there like Bittrex, Binance, and Bitfinex all carrying the increasingly volatile Tether asset, things can escalate quickly, and in favor of platforms like Komodo. Check out what I mean here: www.komodoplatform.com
The Barterdex will be a decentralized peer-to-peer exchange supporting atomic swaps. Meanwhile a couple exchanges are already implementing Bitcoin Cash pairs alongside Bitcoin and Ethereum counterparts. This is all bullish news for the likes of KMD.
You can see a quick review of KMD here youtu.be
I’m being brave with my profit targets on this one, for a few reasons. One is for all the reasons detailed already, the other is that typically in crypto markets, projected moves from triangle breakouts and continuation patterns can be expected to be double that of their traditional counterparts. Second, when this overall market turns around I expect the value to explode, because those new to crypto are surprisingly more often than not more interested in alternatives to Bitcoin.
Here are your potential profit targets visualized as blue horizontal lines. I added Bollinger Bands for affect - look how tight they’re squeezing ;)
Target 1: 0.00089434
Target 2: 0.00119967
Target 3: 0.00150153
[symbol="KMD"]KMD[/symbol] TWO INDICATORS TWO FIBOS There is a resistance around at 61000. CCI and Super smothed MACD say us there is an upward trend. Please also check fibo levels.
Buy if it crosses 61500
Sell at below 67000
If you like being holder then you can wait for much profit. It has potential.
Keep your eyes on Komodo- 50% PotentialKomodo has been in a consolidation pattern for almost 1 month now. It has formed a nice bullish pennant as you can see on the chart. I have placed a conservative target right around 0.0009BTC. Buy in lower range of the triangle, between 0.00052-0.00065, or wait for price to peak out of the cloud.
* remember, you a solely responsible for your trading decisions- risk management always recommended!
KMD - Update (Support Resistance) A different view of how things are looking for Komodo.
Seems to be in the buy zone. As I mentioned, I have been holding this coin for a long time, and still think it is undervalued.
I don't see this as a get rich quick coin, but more of an investment.
This chart is purely for my own practise.
DYOR
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