[KMDBTC](258%) Komodo Double Bottom
[3-July] Closed. We have a trade signal with better buy-in, we will share again if necessary. First-round already completed with 38% profits.
KMDBTC Trade signal: https://alanmasterstrades.com/komodo-kmdbtc223/
Komodo (KMDBTC) Chart Analysis
KMDBTC Long term chart:
- Here we are looking at a double bottom on the long term weekly chart for Komodo (KMDBTC).
- After this demand/support zone was hit last time, back in November 2018, KMDBTC went on a bullish wave that generated 190% profits. We believe that the next wave can be even bigger, we are looking at around 250% profits from the current price to resistance. Up to 720% in profits to ATH.
- Bullish divergence on the MACD.
- Increasing trading volume.
Let’s take a closer look to see the different signals in the making:
- The bullish divergence on the above chart is marked with a purple arrow and is showing up on both the MACD and RSI.
- Now trading above EMA10 (needs a close above it on the daily time frame for signal confirmation).
Komodo (KMDBTC) Trade
Buy-in: 0.000140 – 0.000155
Next support: 0.000130
(1) 0.000164 -Reached 26-May (+9%)
(2) 0.000181 -Reached 29-May (+20%)
(3) 0.000194 -Reached 29-May (+28%)
(4) 0.000210 -Reached 4-June (+38%)
Profits potential: 258%
(Buy-in calculated at 0.000151)
Stop-loss: Close weekly below 0.000120
Capital allocation: <10%.
THE NEW JOURNEY STARTS
Engines ready, heart on top of my head.
The new journey starts, I am ready to launch ahead.
Clouds won’t stop me, I can even enjoy the rain.
Bring in the work…
I am ready…
My new journey starts today.