KMDBTC trade ideas
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
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 cup and handleKMD is forming a nice cup and handle. Expecting one more little wave down and then it'll possibly breakout to the upside
KMD ready to break outKMD looks ready to break out of the top of the BB's and go on a run to follow Wabi
KMDKomodo creating a triangle
Indicators are looking good
Trading around 0.5 FIB level from last pump.
Last small pump was an impulsive elliot wave with an ABC correction. Now it should start a new wave.
RSI creating a triangle => could breakout soon, if this happens price will follow
STOCH RSI creating a small triangle+ higher low.
If price breaks out with more volume this could be an easy 15-30%.
Be careful with BTC => alts will folow BTC so use s/l or buy the retest with conformation.
KMD trading in rangeKMD currently trading in range after a long bearish movement. It has the potential to reach a new ATH if the bullish run starts so lets hope. Buy the breakout with a closed candle.
$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!
[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.
KMD Hits targetGreat entry for KMD and we just smashed through TARGET 1.. Taking profits at the right time is key to succeeding in Krypto trading
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.
Komodo floppin around like a fishInteresting point in Komodo right now, it's not financial advice just interesting
KMD accumulation rangeKomodo sitting at the bottom of a 1.5 month accumulation range
Upcoming rebrand (end of september) should be the catalyst to break the trendline
Stop losses at 14500 sats
Analytics KMD/BTCThis asset is characterized by very low liquidity, the daily turnover, on average, is 50 BTC. After the fall, which lasted from May to August, the historic minimum of 0.00017 was broken, after that the coin went into a sideways trend.
At the moment, a strong support level is 0.0001541. This asset shows that it descends after the market, but does not grow behind it. The rate can reach 0, 00024 if a stable upward trend will appear, and the price will break 0.00020. After this it is necessary to conduct additional analysis. In DOM we see that the coins are being purchased, but by single and large volumes relative to the daily turnover.
When investing, pay special attention to low liquidity and the potential for manipulation consequently.
KMD | Still Bearish
• As long as there are no weekly closes above 0.0001878, there is no reason to enter technically.
• Fundamentally KMD is a strong project but is still in negative price discovery so you're much better off buying a confirmed reversal on a retest.
