One of the Most aggressive PA on Alts out there.Hi guys, this is my view on Komodo. Recently the price action has started to show aggressive intentions heading north.
The volume is the biggest and most indicative element that this coin wants to go for a moonshot.
Other indicators are extremely bullish, with DMI showing an upside trend formation and ADX line supporting it strongly.
Considering potential rewards that await on this one, I would say the risk is relatively low.
The final confirmation that I am waiting on this one is the break and retest of the 22000 sat horizontal resistence.
Good luck,
AGON
KMD
Komodo (KMD) – What makes it great and different?Komodo is a blockchain platform for creating decentralized applications. Some call it a “Blockchain 3.0”, while Bitcoin considered 1.0 version and Ethereum is 2.0.
KMD is referred to as the next generation blockchain as its’ capabilities are far beyond of those offered by BTC and ETH.
Comparing to the Bitcoin, Komodo should be able to handle a lot more transactions and comparing to Ethereum, where tokens remain tied to the platform, it allows tokens to remain independently with their specific set of laws. This makes Komodo unique, as it offers a new way of freedom in the industry, freedom that has never been given previously.
At the time of writing KMD is trading at 18k satoshis, which is 15% higher than just a few days ago. It looks like price is reversing slowly and first indication of a potential trend reversal could be the very high volume over the past 3 days. Additionally, KMD/BTC rejected the 76.8% Fibonacci support level and RSI oscillator rejected the uptrend trendline after which broke above the downtrend trendline.
As the trend might be turning bullish, yet price has to start to produce higher highs and higher lows first, which is not the case now. In addition to that, Komodo is facing a strong resistance, formed between the 21k and 23k satoshis (23.6% Fibonacci levels).
When/if the resistance is broken, price might start exponential growth, reaching either 31k or 37k satoshis resistance level, that is 100% growth potential over the Bitcoin. However, while KMD remains below the 23k, more consolidation to be expected. And finally, daily break and close below the 14350 satoshis level will likely result in a drop towards the 10k psychological support.
To summarize, it could be a very early stage of the Komodo uptrend, although currently, price action does not completely support that assumption. Considering the fact of the increasing trade volume, more volatility yet to come, potentially resulting in a breakout.
Support:
1. 0.0001554
2. 0.0001435
3. 0.0001000
Resistance:
1. 0.0002086
2. 0.0002310
3. 0.0003140
4. 0.0003725
$KMD Pump Cycles, Will It Happen Again?This coin was doing pretty amazing last year. At least 3 times pump cycles in a year. Which is not really happen this year.
The same question I might ask myself, when will the cycles repeat itself? As I see the chart is quite bottomed at the moment. With 109,968,938 KMD on the circulating supply and this coin is mine-able. Komodo Platform is working on Crowdfunding industry. DIY Crowdfunding model gives all developers and entrepreneurs access to free, secure, and easy-to-use, decentralized technology to jump start the project of their choice.
It's quite relatable at the moment since massive projects are take steps to gains mass and looking forward for funding for operational. But I think it's not quite user-friendly at the moment, you need more than just know, you'll need a certain skill to use the platform which might only developers can understand.
KMD at the moment sitting pretty at the support line, could be an accumulation phase for major capital person or institutions.
This a confirmation, since already sitting the more than 60 days.
Get in and jump aboard. Really juicy on R:R rates.
If this ideas helps you, give it a thumbs up, comments and follow me. Thanks a lot!
A trading opportunity to buy in KMDETHTechnical analysis:
. KOMODO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 53.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004940 to 0.004070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004940)
Ending of entry zone (0.004070)
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 the 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= @ 0.005660
TP2= @ 0.006200
TP3= @ 0.007140
TP4= @ 0.009770
TP5= @ 0.011890
TP6= @ 0.014000
TP7= @ 0.017000
TP8= Free
A trading opportunity to buy in KMDETHTechnical analysis:
. KOMODO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 53.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004940 to 0.004070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004940)
Ending of entry zone (0.004070)
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 the 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= @ 0.005660
TP2= @ 0.006200
TP3= @ 0.007140
TP4= @ 0.009770
TP5= @ 0.011890
TP6= @ 0.014000
TP7= @ 0.017000
TP8= Free
[KMDBTC] Komodo Before The Action [500% PP]Komodo (KMDBTC) is showing many of the signals that we have been spotting on the other altcoins charts. We have patterns and formations showing us that a huge down wave has been completed, and an up wave is on its way.
Komodo (KMD) by Alan Masters Trades
- We have a bullish crossover on the MACD.
- Indicators curving up. STOCH and RSI coming out of oversold with a reversal candle (Doji) when the lowest point was hit on 10th September.
- The daily candle show signals where KMDBTC is trying to breakout.
- Volume is yet to build up. Action yet to start.
- Great potential to catch the action before it starts.
- Available on both Binance and Bittrex to trade plus many other exchanges.
Trade instructions by Alan Masters Trades
Buy in: 0.000170 – 0.000183
Next support: 0.000153 – 0.000163
Note: “Next support” is equivalent to a second entry point.
Targets KMDBTC by Alan Masters:
(1) 0.000207
(2) 0.000224
(3) 0.000258
(4) 0.000280
(5) 0.000312
Stop loss: Close below 0.000144 on the weekly candle.
THE NEW JOURNEY STARTS
Engines ready, heart on top of my head.
The new journey starts, I am ready to launch ahead.
Clouds won’t stop me, I can even enjoy the rain.
Bring in the work…
I am ready…
My new journey starts today.
Namaste.
There is a possibility for the beginning of an uptrend in KMDBTCTechnical analysis:
. KOMODO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000170 to 0.000156). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000170)
Ending of entry zone (0.000156)
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 the 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= @ 0.000188
TP2= @ 0.000223
TP3= @ 0.000278
TP4= @ 0.000329
TP5= @ 0.000415
TP6= @ 0.000523
TP7= @ 0.000643
TP8= @ 0.000880
TP9= Free
There is a possibility for the beginning of an uptrend in KMDBTCTechnical analysis:
. KOMODO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000170 to 0.000156). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000170)
Ending of entry zone (0.000156)
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 the 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= @ 0.000188
TP2= @ 0.000223
TP3= @ 0.000278
TP4= @ 0.000329
TP5= @ 0.000415
TP6= @ 0.000523
TP7= @ 0.000643
TP8= @ 0.000880
TP9= Free
KMD/BTC3 Reasons for trade setup:
Location: At support lows
Momentum: W confimred in Willy n OBV. Bullsih divergence confirmed. Lets see if we can keep it up.
Structure: Double bottom confirmed.
Profit Objective 2:1 R/R min, looking to tag the 50% retracements. The first one being at 0.0002002 BTC and the other at 0.0003279 BTC. Sell partial positions once targets have been reached.
$KMD, 93% OFF…
Weekly
Looking at our trend timeframe we see price has formed a lower high at 19000, and is now looking for a lower low near our dynamic and horizontal support at 7000 satoshis. Stochastic RSI showing momentum remains in favor of bears with no signs of reversal.
Daily
Shifting over to or pattern timeframe we see price has found support at 15000, stochastic rsi showing momentum in favor of bears. A daily close above 16200 activates our trade, however if rejected at this level expect a sell off towards 12000 support. Expecting price to fall towards our historic lows at 7000.
KMDBTC retracement movementThe price broken down through the strongest support, however it seems that market players do not want to trade this coin at the lower price. Indicators become bullish, EMA 20 is going to intersect the rest EMA lines while there is hidden bullish divergence and Gartley butterfly.
The price will pump back to the Fib 1 retracement level and then it will be possible to scalp using our targets. Stay tuned for updates
There is a possibility for the beginning of an uptrend in KMDBTCTechnical analysis:
. KOMODO/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000156 to 0.000119). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000156)
Ending of entry zone (0.000119)
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 the 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= @ 0.000188
TP2= @ 0.000223
TP3= @ 0.000278
TP4= @ 0.000329
TP5= @ 0.000415
TP6= @ 0.000523
TP7= @ 0.000643
TP8= @ 0.000880
TP9= Free
There is a possibility for the beginning of an uptrend in KMDBTCTechnical analysis:
. KOMODO/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000156 to 0.000119). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000156)
Ending of entry zone (0.000119)
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 the 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= @ 0.000188
TP2= @ 0.000223
TP3= @ 0.000278
TP4= @ 0.000329
TP5= @ 0.000415
TP6= @ 0.000523
TP7= @ 0.000643
TP8= @ 0.000880
TP9= Free
#Komodo $KMD - $USD - TREX - We have supportKomodo:
W:
I pulled up the TREX listing because of the history advantage over Binance. It doesn't quite have the Volume but all these alts look pretty similar these days anyway.
Clear downtrend from December. Sideways for a few weeks and then up for three before coming down for the last 16 weeks.
Let's establish some levels...
The most interesting for me would be .7084. That would establish a fantastic Double Bottom.
D:
Here we can see a falling wedge. Lower Lows and Lower Highs. Clearly we would like to see some bullish bias breakout the resistance but we need to make some moves first just to stay above the bottom resistance.
Trading above the 6 day EMA but below all the rest. Not the best looking Hammer a few days ago but then immediately followed by an Inverse Hammer sort of has me thinking bullish.
Spinning top for indecision and then a pretty solid bullish candle so far today. I feel that would be a pretty good indicator for the short term. Couple that with the MACD showing three upticks and about to cross over while Godmode already signaled long two days ago.
4H:
Looking pretty good for the short term in my opinion. A closer look shows us what happened in the 4H period while we broke support. BIG bullish candle to get out of that trading zone. Then sideways for a bit and now trending up. All indicators are favorable to the upside.