If we don't break out now, wait til Week 1 or 2 of April KMD/BTC

19 Mar 2018

KMD is in a beautiful falling wedge. We're sitting on a support line right now, and this is right after a perfect hammer formation. I'm expecting to break out very shortly. In the event we fall below this support, I expect us to move down a bit more towards the end of the squeeze of the falling wedge and will be looking to break out within Week 1 or Week 2 of April - so I will be keeping a very close eye on this one. Either way, we're due for a breakout, it's just a case of where to place buy orders - so for short term, I'm waiting to break the current resistance before placing a buy, in the slightly longer term, I'll be waiting for the end of the falling wedge.

Comments welcome! I'd love to hear your take on this.