KMDBTC trade ideas
$KMD is criminally undervalued...broke descending triangle$KMD has more value to it than most coins out there with Privacy, Barterdex, Jumblr and more on the way...TA shows we broke the descending triangle to the upside and bounced off the old resistance as new support...2018 should be massive for Komodo!
KOMODO - (KMD/BTC) Breakout Confirmed - Long Opportunity - This is a 4hour chart of KOMODO/BTC
- I see complete 5 wave structure with corrective pattern finished. Allows us to open new long position.
-MACD supports upward movement
-moving average confirms breakout
-targets are high confluence of i-ii of 3 fib ext & 1-2 ext
- Two stoplosses. The lower one will invalidate our wave count. Must be placed.
Good luck
KMDBTC Double BottomCup&Handle pattern was broken and now the price is testing the lower edge of rectangular support zone 1. The price is below ichi cloud which indicates further decrease, however the coin is currently oversold and there can be a rebound which will form Double Bottom pattern. This will create a strong support level around the signal's stop loss zone 0.000550, from this point there will be growth to the mentioned in the signal targets.
In case of breaking through the rectangular support zone the price will decrease till the support level 2 around 0.00052. From this point there can be a breakout and further growth to a higher levels of trade
Do not rush to use stop loss in pattern based signals, it is given as an orienter for you so you can carefully track the coin and asses current status of the signal and pattern formation. If you used it and sold the coin just buy again at current dip as it has good news based fundamentals: the team updated their app providing new features.
Never sell a coin right after you bought it if some little fluctuations occur.
(KMD) under pump and dump traumaIf we take a look at some of the daily performances for KMD. Then we will find that there are numerous short spikes, then major tanks lower. This leads investors to have no confidence in the crypto and will soon be abandoning it. The creators of KMD should monitor the performance of their crypto more closely as it is obvious to the naked eye that this is systematic.
What do you think?
Komodo (KMD) has been under constant pump and dump activityIf we take a look at some of the daily performances for KMD. Then we will find that there are numerous short spikes, then major tanks lower. This leads investors to have no confidence in the crypto and will soon be abandoning it. The creators of KMD should monitor the performance of their crypto more closely as it is obvious to the naked eye that this is systematic.
What do you think?
$KMD #Komodo - Taking this for a short term bull swingIm going to take KMD for a spin right here for the following reasons.
1. Daily triangle popped to the upside.
2. Daily cloud support with triple bottom.
3. Daily bull fractal
4. Daily MACD bullish cross coming
5. Daily upward OBV trend commencing
1. Hourly bottoming out at the SMA (median)
2. Hourly bull fractal
3. Hourly upward trend in BBWidth
4. Hourly change in squeeze momentum incoming
Going to look to hold for a few days and set my limit sell for around 70000 sats for a swing trade. Setting Stop around 55000 sats.
KMDBTC - Breakout!Time frame - Daily
Suppose, the candle closes above that 20 period moving average, we can assume that the BOOLS are back y'all!
MACD looks beautiful and is about to do the bullish crossover.
RSI pointing upwards as well.
I just need it to have more volume.
Targets:
1st - 9650
2nd - 11794
3rd - 17984
Good luck!