At Coin Inquire, we offer free price signal of Komodo (KMD) and other cryptocurrencies. Today July 16 we are beginning a new series of free signals for top cryptocurrencies including Komodo (KMD).
$1.32 (0.07 %)
฿0.00012086 (-6.11 %)
$151 885 514
$8 440 515
KMD has been drifting sideways for nearly a year. Starting in March, the range between 0.00023 and 0.00014 was ruptured at both the top and bottom.
Currently, price is sitting just below this range. In early July, a bullish divergence formed on the daily chart – but failed to hold enough power to re-enter the range.
This divergence was accompanied by unusually high volume, which suggests market interest in KMD at these levels. It seems likely that another attempt to re-enter the range will be made soon, with a potential target lying at the daily order block around 0.00017.
The full rebrand this Monday, along with the Antara framework launch, may provide enough incentive for bulls to ramp up their efforts.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.