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Komodoeth

A trading opportunity to buy in KMDETHTechnical analysis: . KOMODO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 53. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.004940 to 0.004070). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.004940) Ending of entry zone (0.004070) 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 the 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= @ 0.005660 TP2= @ 0.006200 TP3= @ 0.007140 TP4= @ 0.009770 TP5= @ 0.011890 TP6= @ 0.014000 TP7= @ 0.017000 TP8= Free
KLong
by ForecastCity

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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