ForecastCity
Long

There is a possibility for the beginning of an uptrend in KMDBTC

BITTREX:KMDBTC   Komodo / Bitcoin
Technical analysis:
. KOMODO/BITCOIN is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00007270 to 0.00005355). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00007270)
Ending of entry zone (0.00005355)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00009675
TP2= @ 0.00012365
TP3= @ 0.00015580
TP4= @ 0.00019600
TP5= @ 0.00025100
TP6= @ 0.00037300
TP7= @ 0.00047200
TP8= @ 0.00057050
TP9= @ 0.00088000
TP10= Free
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A bunch of good information. Thanks!
+1 Reply
ForecastCity Alexander_007
@Alexander_007, You got it.
Reply
Thanks for publishing such a valuable technical analysis and a nice and clean chart. Just a quick glimpse at the chart will tell that it is what we should expect of a good TA.
+2 Reply
@fxniki, You're welcome. We are so happy you found it useful.
Reply
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