KMDBTC trade ideas
Komodo vs Bitcoin - Great Timing?Komodo found the support at 17k satoshi, that is 261.8% Fibonacci retracement level applied to the corrective wave after the ascending channel breakout. The rejection was very clean, followed but the wave up which resulted in break above the descending channel.
Current price action suggests that KMD/BTC could be correcting upwards or even reversing for a longer term. Price could rise up to 40k satoshi, where previously Komodo formed a double top. Break above that resistance could result in a continuation of the upwards momentum but it is yet to be seen. Only a daily break and close below the 17k satoshi could invalidate bullish outlook.
KMDBTC might break resistance soonKMD is one of the best privacy coin, including Zcash technology + jumblr, DICO and DEX coming soon. This project is SOOOOOO UNDERVALUED!!! Expect a x5 easy 2018
For short term might be a good buy now as it is knocking at the resistance door.
Stoch RSI about to cross up again
cup and handle + possible elliot wavesI'm just a beginner, I wanna try to share some idea more to be corrected really....
If you check the graph at 1h timeframe the cup and handle is pretty clear and I tried to draw the elliot waves that might be in the second wave phase (retracement) basing them on resistances and supports. Plus BTCD recently was swapped into KMD after they released the atomic swap, the coin price didn't rise much because of the BTC bull run. KMD is slowly rising, if BTC stays quiet in the next days the price of KMD can continue its rise.
komodo outlookkomodo idea. if we break the resistance , you know what's gonna happen.
-delayed dico will restart soon. (correcteted hard from 0.00039000 btc as it was delayed),
-atomic swap decentralized exchange "barterdex" is already working
-komodos get locked away for instant zero confirmation trades.
this should lead us at least into the 50k satoshi area.