If you've seen my other recent posts you should probably know this setup by heart by now, as this scenario (symmetrical triangle breakout) is currently visible on many charts.
It's worth mentioning that the price has been respecting levels beautifully so far, which always makes trading such assets easier (more predictable) The price is currently dancing on key level (0.99) trying to break through dynamic resistances: 200EMA, diagonal trendline and static resistance (1.16)- everything is in the same spot- thus it's the node of the highest volume.
Entry: average buy in the green zone (current price down to 0.91) -- or buy at 200EMA breakout -- or buy later on a local pullback
Long-term targets:
TP1: 1.32
TP2: 1.62
TP3: 1.86
TP4: 2.24
TP5: 2.99
TP6: 4.16
TP7: 4.77(~360%)
TP8: OPEN++
----------------------
About KMD:
Komodo is an open multi-chain blockchain platform. Komodo offers an opportunity for projects to create their own blockchains and host token sales.
Komodo is a hard fork from Zcash. ZCash is a privacy-oriented fork of Bitcoin.
This means that Komodoâs roots stem from Satoshi Nakamotoâs pioneering work and the Bitcoin protocol. It inherits the technology from both Bitcoin and Zcash.
The Komodo Smart Chain software preserves Zcashâs inherent privacy features. These mainly consist of the ability to convert money from a transparent address to a private address and then transfer money from one private address to another. Zcash technology allows the money to be moved between two private addresses without leaving any public data trail.
Source: medium
It's worth mentioning that the price has been respecting levels beautifully so far, which always makes trading such assets easier (more predictable) The price is currently dancing on key level (0.99) trying to break through dynamic resistances: 200EMA, diagonal trendline and static resistance (1.16)- everything is in the same spot- thus it's the node of the highest volume.
Entry: average buy in the green zone (current price down to 0.91) -- or buy at 200EMA breakout -- or buy later on a local pullback
Long-term targets:
TP1: 1.32
TP2: 1.62
TP3: 1.86
TP4: 2.24
TP5: 2.99
TP6: 4.16
TP7: 4.77(~360%)
TP8: OPEN++
----------------------
About KMD:
Komodo is an open multi-chain blockchain platform. Komodo offers an opportunity for projects to create their own blockchains and host token sales.
Komodo is a hard fork from Zcash. ZCash is a privacy-oriented fork of Bitcoin.
This means that Komodoâs roots stem from Satoshi Nakamotoâs pioneering work and the Bitcoin protocol. It inherits the technology from both Bitcoin and Zcash.
The Komodo Smart Chain software preserves Zcashâs inherent privacy features. These mainly consist of the ability to convert money from a transparent address to a private address and then transfer money from one private address to another. Zcash technology allows the money to be moved between two private addresses without leaving any public data trail.
Source: medium