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Long

Komodo Hits Demand Zone: Double Bottom + Bullish Divergence

BINANCE:KMDBTC   Komodo / Bitcoin
Komodo ( KMDBTC ) Chart Analysis

KMDBTC Long term chart:
  • 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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Comment: (1) 0.000164 -Reached 26-May (+9%)
Comment: Targets:

(1) 0.000164 -Reached 26-May (+9%)
(2) 0.000181 -Reached 29-May (+20%)
(3) 0.000194 -Reached 29-May (+28%)
Comment: If KMDBTC can stay above EMA50 (0.0001772), then an impulse up is very likely...



Looking bullish for me.
Comment: (1) 0.000164 -Reached 26-May (+9%)
(2) 0.000181 -Reached 29-May (+20%)
(3) 0.000194 -Reached 29-May (+28%)
(4) 0.000210 -Reached 4-June (+38%)
(5) 0.000227 - Next targe.
(6) 0.000255

Moving (up)forward.
Enjoy the profits.

Namaste.
Comment: We are going for our next target...
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