KMDUSDT trade ideas
Komodo (KMD) formed bullish Gartley for upto 19.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Komodo (KMD) with US Dollar pair.
On a 2-hr time frame, KMD has formed a bullish Gartley move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
KMD Rockets to the TopKMD has gained 26.66% in the past 24 hours and is currently trading at $0.3018. It has surpassed its daily timeframe of 0.5 Fibonacci level, indicating a bullish trend. The RSI is at 65, suggesting that it is neither overbought nor oversold. The volume oscillator is up by 55.28%, meaning increased trading activity. The MACD is bullish, and the stochastic oscillators are at 57, suggesting a continuation of the bullish trend. Traders should keep an eye on the daily timeframe 1 Fibonacci level and the daily timeframe upper Bollinger band as potential resistance levels.
KMd Coin Testing More then 16 Months Old Trendline Keep In mind the More trendline will Be Tested Then Weaker It will Be)
Now Incase Of Breakout we Can Expect Massive Bounce Entry Will Be Only Valid After Confirmed Breakout
Stoploss Can Be Placed Below Last Low
Dyor Before Taking any Action Trade according Your rules Its Just An idea Not a Financial advice
Bullish Short-Term Trend Amidst High Buying ActivityOver the past 24 hours, the price of KMD has increased by 38.66%, which indicates that there is currently a lot of buying activity and positive sentiment surrounding this coin.
The RSI (Relative Strength Index) of 70 also suggests that KMD is currently overbought, which means that there may be some downside risk in the short term. However, it is worth noting that RSI is not always a reliable indicator and should be used in conjunction with other technical analysis tools.
Looking at the Fibonacci levels, the daily timeframe 0 Fibonacci at 0.2103 can be considered a strong support level, and it is likely that the price of KMD will find support at this level in case of a pullback. The daily timeframe 0.5 Fibonacci at 0.2739 and the daily timeframe 1 Fibonacci at 0.3375 can be considered resistance levels. If the price manages to break through these levels, it could indicate further upside potential. The daily timeframe 1.618 Fibonacci at 0.4161 is a strong resistance level that could potentially act as a long-term target.
The Bollinger Bands also provide valuable information for traders. The daily timeframe upper Bollinger band at 0.2878 and the daily timeframe lower Bollinger band at 0.1955 can be used as potential resistance and support levels, respectively. The daily timeframe middle Bollinger band at 0.2416 can be considered an indicator of the current trend, and the fact that the price is currently above this level suggests a bullish trend.
The volume oscillator is currently at -20%, which means that the volume of trades is decreasing. This could indicate a decrease in buying pressure and could potentially lead to a price decrease in the short term. The MACD is currently at -0.0230, which suggests that the momentum is currently bearish.
The stochastic oscillator is at 68, which indicates that KMD is currently in the middle of its trading range. The hourly EMA 50 at 0.2540 can be considered a short-term support level.
Finally, the On-Balance-Volume (OBV) of 856.769M suggests that there has been a net increase in buying volume over time, which is a positive sign for the long-term outlook of KMD.
Overall, based on the technical analysis, KMD appears to be in a bullish trend in the short term, but there is potential downside risk due to the overbought RSI and decreasing volume oscillator. Traders should pay attention to the Fibonacci levels, Bollinger Bands, and support and resistance levels to determine potential entry and exit points. The OBV also suggests that there is positive sentiment surrounding KMD in the long-term
KMDUSDT(KOMODO) Daily tf Range Updated till 27-08-22KMDUSDT(KOMODO) Daily timeframe range. This is an old alt. altho fundamentally still active. there are decent amount of retail interest in its price action. specially its been heavily used by p and d groups, you can guess by those insane percentage of wicks. but beside those who took positions into swing low made out easy and quick profit.
KMDUSDT Analysis July 13, 2022An update on our analysis from exactly one-week ago, we are very Bullish on Komodo, KMD , and think maybe it has found a bottom. Utilizing the Engineer is such a game changer!
We will sell for BTC at the ($0.40) and ($0.525) Resistance areas. KMD is down 96% from its high in April of 2021, and over 83% from the Sell indicators back in December of 2021. The Horizontal Support Line at ($0.177) has been established and we are bouncing off in a big fashion today. The Weekly Downtrend Line was broken and we retested the ($0.177) Support Line.
We have numerous Buy signals and waiting on that Super Buy, we will confirm if the Moon signal sticks around before closing bell.
Not Financial Advice...Trade with Confidence and Control.
KMDUSDT Analysis July 6, 2022We are Bullish on Komodo, KMD , and think maybe it has found a bottom. It is down 96% from its high in April of 2021, similar to the timing of the LINK high in 2021. The Horizontal Support Line at ($0.177) was been established and we are bouncing off. The Weekly Downtrend Line was broken and we retested the Support Line. We have a Buy signal and continue to stay above the Trend Lines. We have some profit taking tiers shown on the chart (122%, 194%, 345%, and 500%)! Komodo is an under the radar project that's been around since 2017 with great tokenomics (only a 200,000,000 supply), and development of the first cross-chain exchanges. Not Financial Advice...Trade with Confidence and Control.
Idea for spot trade (long) - Komodo KMDKomodo is an open multi-chain blockchain platform - offering an opportunity for projects to create their own blockchains and host token sales.
This (KMD) is a hard-fork from Zcash - the team is building (initially) the AtomicDex app - a decentralised exchange with native compatibility for 99% of all cryptocurrencies - as claimed from their website - see link below:
komodoplatform.com
I think the following is worth a punt and as such I'm long spot as follows:
Buy (in) @ 0.454
Target sell @ 2.992
---> potential x6.3 return