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KMDBTC

BULLISH FLAG PATTERN AND THE FLAT KUMO CLOUD.

Today, April 2nd being the forth month of consolidation inside the rectangular flag pattern, price has maintained two diagonal resistance and support levels as it gradually come to an end to it consolidation moving lower. Hitting the support level of 0.0027548sats, price will likely break out to find its first spot which is 0.5fib retracement levels.

The cloud says it all, as the flag top (senkuo span B) is totally flat and is always the 0.5fib retracement level in which price will and has always returned back to on numerous trade set up.

More movement toward the bottom og the cloud (senkuo span A) will trigger the price to move inside and close which will result to KUMO EDGE TO EDGE.

 

TECHNICALS suggests that a duration of two weeks should be the accurate time which price will move closer to the cloud before a breakout in the cloud will be likely to happen.

 

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

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