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vader22
Sep 29, 2017 10:32 AM

Komodo unlikely to break higher.  Short

Komodo / BitcoinBittrex

Description

There's a wedge forming from 2 colliding trend lines that may look like Komodo could go either way. But despite others pumping this coin, I'm inclined to tip a downward push. Even if the price breaks through the down trend line, (PINK line) it's going to hit more resistance at ~52k sats. It's more likely that it'll break through the up trend, (ORANGE line) and go lower and touch the 43k sats support line. Keep a close eye on next 6 or so 4-hour candles.

Trade closed: target reached

Closing komodo until further analysis can be done.
Comments
vader22
I was wrong on this call.
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