KMDUSD trade ideas
Komodo to double?Komodo has bumped into resistance of the old all-time highs and this means a perfect bowl-shape has appeared. Once we break out of the resistance, we could pretty rapidly advance to 3.22.
KMD roadmap, long term buy and holdYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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KMDUSD Create Symmetrical Triangle & Ready to Breakout!KMDUSD Ready to breakout
1st TP .863
2nd TP 1.06
3rd TP 1.27
4th TP 1.57
#KMDUSD ANALYSIS.. We see cup & handle on daily chart of #KMDUSD..
Moving averages and curve T3 are in positive outlook.. We can see a sharp rally in #KMDUSD if 0.84 major resistance breaks..
RSI and breakoutsIve noticed that when :
1The RSI hits below 30 on the 30min sometimes 1hr time frame
2Then goes up to just before 70 ...say 67 on the RSI
3Then drops again to 25-29
THAT'S A BUY
I think that would indicate a breakout to the upside.
The RSI will go up and down in wave patterns. This doesn't mean the price will follow. BE CAREFUL. So, if it has to hit 70 on the RSI but doesn't. Then drops ,all those people who FOMOed in are FOMOing out at a lower price bringing it up but with more volume.
THIS IS JUST ME TALKING AND NOT ADVICE.
Komodo Price Analysis KMD / USD: Insufficient EnergyFundamental Analysis
Komodo is starting to gain bullish momentum after the project released AtomicDEX v.0.1.6. The project has been successfully developing its decentralized exchange and currently accepts applications for the public-beta of its asset-agnostic atomic swap DEX.
Komodo / USD Short-term price analysis
Komodo has a bearish short-term bias, with the cryptocurrency still trading below its key 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that KMD / USD bears have invalidated a large inverted head and shoulders pattern. The cryptocurrency is vulnerable to further losses while trading below the invalidated pattern.
Technical indicators are bullish on the four-hour time frame and continue to generate a buy signal.
Pattern Watch
Traders should note that an even larger inverted head and shoulders pattern could start to form on the four-hour time frame if the KMD / USD pair continues to rally.
Relative Strength Index
The RSI indicator has turned bullish on the four-hour time frame and continues to issue a buy signal.
MACD Indicator
The MACD indicator is bullish on the four-hour time frame and continues to generate a strong buy signal.
Komodo / USD Medium-term price analysis
Komodo has a bearish medium-term outlook, with the cryptocurrency still trading below its trend defining 200-day moving average.
The daily time frame is showing that the KMD / USD pair is trading below key technical resistance. The recent decline has also failed to invalidate the huge inverted head and shoulders pattern on the daily time frame.
Technical indicators across the daily time frame are attempting to move higher, although they remain technically bearish.
KMD / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the large inverted head and shoulders pattern on the daily time frame has huge upside potential.
Relative Strength Index
The RSI indicator is attempting to move higher on the daily time frame, although it is still trading below neutral.
MACD Indicator
The MACD indicator on the daily time is attempting to move higher, although it remains technically bearish.
Conclusion
Komodo is vulnerable to more short-term losses while trading below the invalidated inverted head and shoulders pattern on the four-hour time frame.
The KMD / USD pair still warrants close monitoring over the medium-term, due to the huge bullish pattern on the daily time frame remaining valid.