Here we are looking at a double bottom on the long term weekly chart for Komodo (KMDBTC).
After this demand/support zone was hit last time, back in November 2018, KMDBTC went on a bullish wave that generated 190% profits. We believe that the next wave can be even bigger, we are looking at around 250% profits from the current price to resistance. Up to 720% in profits to ATH.
Bullish divergence on the MACD.
Increasing trading volume.
Let's take a closer look to see the different signals in the making (main chart above):
The bullish divergence on the above chart is marked with a purple arrow and is showing up on both the MACD and RSI.
Now trading above EMA10 (needs a close above it on the daily time frame for signal confirmation).
Komodo (KMDBTC) hit strong support (demand zone) and is very likely to produce a bullish wave within the next 1-3 weeks. All details are shared on the chart.
Feel free to hit like to show your support.
This is not financial advice.
Namaste.
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