KMD buy opportunity - Long
Updated
KMD has strong fundamentals and is considered as a long-term investment. The previous drop got the price to the support line 26000 sats, which is a good entry point.
Price is getting closer to the end of the flag and is rather unlikely that the price will further drop.
ADX DI gives at the 1h a bullish signal. Yet the volume is missing. MACD is also sending some bullish signal.
If the first target at 28900 breaks further upward trend to the second target is expected.
First target is 28900 sats
Second target is 39000 sats
Third target is 55246 sats
Good luck!
Disclaimer: I'm new to TA and try to contribute some thoughts. I appreciate any feedback very much in order to learn from your experience.
Price is getting closer to the end of the flag and is rather unlikely that the price will further drop.
ADX DI gives at the 1h a bullish signal. Yet the volume is missing. MACD is also sending some bullish signal.
If the first target at 28900 breaks further upward trend to the second target is expected.
First target is 28900 sats
Second target is 39000 sats
Third target is 55246 sats
Good luck!
Disclaimer: I'm new to TA and try to contribute some thoughts. I appreciate any feedback very much in order to learn from your experience.
Note
Apparently, sats exits not only as a short version of satoshis. Sry for any confusion.Note
First target reached. I'll stay in that lift for the second stop.Trade active
KMD is testing the resistant/new support line. If the break is confirmed we will see the upward trend continuing. New entry at 3000 -sats-
Trade active
Due to BTC's crazy surge recently, many alts bleeding, so does Komodo. Almost all coins`organic grow is depending on BTCs mood. Even if my bags are heavy, the price I bought it is still good and Komodo is doing not that bad the last hours. We might observe the next 2 days how Komodo is forming a bull flag at the 1h chart.
Trade closed: target reached
I'll keep a closer look soon and see where this is heading to. What are you thinking? Comment and share your thoughts.
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