****This is not financial advice!
So i was looking for some good charts to place a position seeming as the whole BTCUSD volatility certainly did its work on ALT's and i came across KMDBTC. This project has good fundamentals and better yet, a great chart setup!
In this short term at least it looks to be forming at symmetrical triangle on the hourly. With that tied with the bullish MACD crossover that could occur, we could be in for some north-side action.
Looking further afield in the 4hr chart, it appears to have bottomed, broken out, in addition with another bullish crossover on the MACD!
There is resistance around the 4500 Satoshi range so this would be a good place to take some profit.
So i was looking for some good charts to place a position seeming as the whole BTCUSD volatility certainly did its work on ALT's and i came across KMDBTC. This project has good fundamentals and better yet, a great chart setup!
In this short term at least it looks to be forming at symmetrical triangle on the hourly. With that tied with the bullish MACD crossover that could occur, we could be in for some north-side action.
Looking further afield in the 4hr chart, it appears to have bottomed, broken out, in addition with another bullish crossover on the MACD!
There is resistance around the 4500 Satoshi range so this would be a good place to take some profit.
Trade closed: target reached