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There is possibility for the beginning of uptrend in KOMODO/USD

BITTREX:KMDUSD   Komodo / US Dollar
Technical analysis:
  • KOMODO/DOLLAR is in a down trend and Beginning of up trend is expected.
  • The price is below the 21-Day WEMA which acts as a dynamic resistance.
  • The RSI is at 38.

    Trading suggestion:
    *The price is in a down trend, but we forecast the uptrend would begin.
    *There is possibility of temporary retracement to suggested support zone (2.11 to 1.55), if so, traders can set orders based on Price Action and expect to reach short-term targets.

  • Beginning of entry zone (2.11)
  • Ending of entry zone (1.55)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 3.38
TP2= @ 5.02
TP3= @ 5.97
TP4= @ 7.20
TP5= @ 8.61
TP6= Free
Giao dịch đang hoạt động: KMDUSD , weekly update:Total profit 539422095 in 16 days.!

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