KMDUSDT trade ideas
KMDUSDT LongBullish on the retest or breakout
I am not buying the recent pump rather waiting for the breakout or the retest. Once breakout is confirmed or the retest of the lower support. Price can go parabolic with targets mentioned in the chart.
Komodo on the way of the 3rd wave of Elliotttp1=0.78 A=$7.2
tp2=1.6 C=$8.1
tp3=0.88 A=$10
tp4=2 C=$20
tp5=1.13 A=$23
tp6=2.24 C=$34
KMDUSDT Possible Entry PointAfter breaking above resistance, a possible retest will be done, hitting the 0.618 fib level, and providing a good entry point.
Komodo is a shark on Hitbtc exchangeshark harmonic pattern:
AB=0.38 XA
BC=1.6 AB
CD=1.6 BC=$7.3
or
CD=0.88 XA=$8
or
CD=1.13 XA=$17
or
CD=2.24 BC=$27
KMD is going to touch 2.4 and then 3.2 $!I bought 5% of my wallet capital and will sell at the targets
KMD Swing setupKomodo looks like its getting rejected at its horizontal resistance cluster at around $2.25 (red margin).
Entry at horizontal support at around $1.63 would be perfect buy in zone.
Ready for some deeper correction?All conditions ready for some deeper correction but yes it was a nice impulsive wave and this can be the real start of some trend reversal from bottom!
Elliot wave exampleElliot waves are comprised of 5 waves.
1= initial move up
2= Small ABC correction where the low does not reach 1
3= Longer timeframe wave moving up
4= Longest down wave in the structure including an ABC correction and eventual accumulation, can not not reach 2 and usually bounces at 618 fib line
5= Most parabolic wave in the structure after accumulation and a move past the 236 Fib line
$KMD RUNNING ANOTHER 60%+ $KMD looking good to climb the ladder from here. Could see a retest to 1.50-1.60 region before taking flight.
