There is a possibility for the beginning of uptrend in KMDBTC

Komodo / Bitcoin BITTREX:KMDBTC

Technical analysis:
. KOMODO/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
. While the RSI downtrend #1 and the price downtrend in daily chart is not broken, bearish wave in price would continue.

Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000226 to 0.000178). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000226)
Ending of entry zone (0.000178)

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= @ 0.000278
TP2= @ 0.000325
TP3= @ 0.000400
TP4= @ 0.000472
TP5= @ 0.000551
TP6= @ 0.000660
TP7= @ 0.000880
TP8= Free

By admin