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Mdbitcoin

There is a possibility for the beginning of an uptrend in KMDBTCTechnical analysis: . KOMODO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000170 to 0.000156). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000170) Ending of entry zone (0.000156) 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= @ 0.000188 TP2= @ 0.000223 TP3= @ 0.000278 TP4= @ 0.000329 TP5= @ 0.000415 TP6= @ 0.000523 TP7= @ 0.000643 TP8= @ 0.000880 TP9= Free
Long
by ForecastCity
Updated

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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