KMDBTC trade ideas
KMD uptrend ideamore a wish than a plan?
- KMD broke out 2nd week of october of downward pennant with ATH volume spike
- resistence turned into support with a big whale on the side, bought already 2% of total coin supply
- RSI bit overbought still --> correction through the weekend on support line? next week to 30K sat?
needs some news:
- rebranding of KMD this quarter on the way
- more news to come for KMD?
lemme know what you know/think
KMD strogest resistance aheadWe have a strongest resistance above current price. We can expect bouncing back to lower level and then again bounce up.
KmdVolume is growing
Divergence on rsi
good signs of pending breakout
Green Box is my first Take profit .
KMDBTC / KOMODO IS READY FOR THE NEXT RUNKMD just closed with a nice hammer on daily.
After those huge buy orders for KMD on Binance, we should see something nice.
$KMD / $BTC a bit more consolidation before break out.$KMD / $BTC a bit more consolidation before break out.
Description: Komodo is a privacy-centric cryptocurrency that combines the anonymity of ZCash with the security of Bitcoin. Using a new consensus mechanism developed by the Komodo team, delayed Proof of Work, Komodo blocks can be notarized using the Bitcoin blockchain. KMD is issued through an Equihash-based PoW protocol, and the new block information is sent to pre-voted notary nodes. These nodes insert the Komodo block information on the BTC blockchain by creating a custom transaction. This system ensures that in order to "hack" komodo, one would have to rewrite both chains.Komodo uses Zero Knowledge Proofs to provide 100% anonymous transactions, that are now secured with Bitcoin's hash rate.
Upcoming News & Events
Title: Full Rebrand 2.0
Date: 31 December 2018 (or earlier)
Description: Full Rebrand 2.0 - 2nd half of 2018
Circulating Supply: 110,349,506
Total Supply: 110,349,506
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
KMD still bottoming outtrend reversal not confirmed yet.
expecting another leg down to form some kind of double bottom.
if it is lagging from other coins will be good for putting some profits.
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.
