KMDBTC trade ideas
[KMDBTC] Komodo chart analysis We have Komodo, a strong cryptocurrency project, for a long-term trade. Let's take a look at the chart, we will look at our signals for bottomed out altcoins:
*Here we have the bullish divergence on the MFI .
*MACD bullish crossover.
*we have strong support-line in 0.0000696.
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ENTRY: 0.0000695 - 0.0000720
TARGET:
(1) 0.0000865
(2) 0.0001100
(3) 0.0001364
(4) 0.0001735
(5) 0.0002263
(6) 0.0003500
(7) 0.0004585
STOP: Close weekly below 0.0000670.
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KMDBTC Long IdeaHolding uptrend nicely, currently testing downtrend resistance at 0.0001162. Volume still pretty low, but looks like a solid entry if we can keep this trend going.
Entry: 0.0001130~0.0001160
Target:
1: 0.0001193 (untested downtrend)
2: 0.0001309 (untested downtrend)
3: 0.0001710 (tested downtrend, this is the top of the move up two weeks ago)
Stop: 0.0001085 (below uptrend)
KMD BTCBINANCE:KMDBTC making a symmetrical triangle, at the moment the price is touching the LTA along with MACD H4 Crossing. For the short term you can get the top of the triangle and already have a good percentage of profit. For the long term one can wait for the triangle to break and seek levels around 0.00001416. I emphasize that one must be attentive to the movements of the BTC before making any entry.