Komodo Hits Demand Zone: Double Bottom + Bullish Divergence

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.

Comment:

THE NEW JOURNEY STARTS

Engines ready, heart on top of my head.

The new journey starts, I am ready to launch ahead.

Clouds won’t stop me, I can even enjoy the rain.

Bring in the work…

I am ready…

My new journey starts today.

Namaste.

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...