All explained in the graphic. Komodo is doing a triangle and fit very well with Fibonacci. As the first support line we got (0.786), if the price goes down, the bracket changes to the main support line.
To be safe, just buy if exceed the (0.618) resistance.
Komodo is reaching a strong support area soon. If KMD can hold this support zone, we can get a small bounce of 40% back up to midway of the consolidation. We can also have a second target of 80%+ as well. What are your thoughts?
Trade with care.
Video Analysis: youtu.be
- buy zone set at 0.00050750 wait for it to bounce off the lower support and confirm a breakout first.
- needs volume for it to pick up the price action again.
- set stop losses as necessary
-TRADE at your own RISK
May break resistance soon along the 50% line and likely to either encounter resistance at the 61% line and bounce before going back up to the 78%. If KMD stays on track with releases and continues with the updates I see this one making a full retrace back to 1 and mooning from a few months ago.
Bollinger bands are squeezing hard as we see many bullish patterns on this coin, micro penants and macro flags. Yesterday the KMD team announced they would have some updated news today, could be the needed push for the long awaited price action. I will likely begin taking profits around .00075 but hold some in anticipation for longer term pushes.
My entry was:...
Komodo looks like it could break that resistance very quickly and have a nice trend up to previous resistances where we might see a pullback. Trade the lines accordingly.
The KMD/BTC markets has seen a lot of action over the last few months and weeks. Trying to find a bottom in a market is often what new traders try to do however, it is often more profitable to wait for a trend to confirm a direction and trade accordingly.
Buy zone for me at the moment is between 0.004 and 0.005 and would think about increasing my position if the...
Hey guys. First of all wanted to say thanks to the few who liked our posts. I hope some of you jumped on that PTOY train and it's not over yet, still alot of updates to come. As far as Komodo goes. This coin had a surge in the last couple of weeks due to some announcements. It has consolidated quite nicely and I believe we have a bit more to go. Coming up until...
Komodo had a large selloff after its announced partnership with Monaize. The dump appears to have caesed for the time being, support has been established at the 0.5 level. May be a buying opportunity for those whom have not entered. Keep an eye on this one
Cryptocurrency has suffered a large decrease over the past day or so due to the bad market news. Most of the time we always see our self back in the bull market within the same week or so. Therefore, everything should regain strength as FUD settles unless more bad news gets released.
Follow the Support and resistance shown on the graph, Komodo is expected to...
Komodo is currently consolidating from its drop on around the 60% area of the Fibonacci retracement. This could be seen as a good indication to buy, within 2 days Komodo will follow the resistance and support drawn on the graph, use these to help your trading decisions. Also, Komodo has recently released an update but it has not seemed to push the price up to any...
Today #KMD finally announced their BIG announcement. Partnership with Monaize www.monaize.com keep an eye on the price. It broke the support zone and could have a bigger pull back before another rise up.
Disclaimer
The information is not intended as and does not constitute investment advice to any person. The information here should not be construed as any...
General : Today will be announced news about Komodo cryptocurrency on meeting at 4:00 UTC. What will be ? 40-50% rise on price or may be more.
Indicators : MACD and Slow Stoch are going up, but soon price will correct till 0.00082, it will be best price to buy.
Suggestion : Buy now and hold 5-6 hours and you will get high profit.
Good luck and have fun !)
Komodo are announcing that they will be releasing a major update, of course, this is good news and has already pushed the price up. Currently, the price is fluctuating between the resistance and support levels, depending on which one is broken by the market, the price will follow. I suspect it to break the resistance and continue it's uptrend until the $4 - $5 range.
