Komodo VS Bitcoin Slow Reversal

BITTREX:KMDBTC   Komodo / Bitcoin
Komodo has established support and resistance areas, around 30k and 90k satoshis. Price continues to range between those levels, and currently is at the bottom of the range. 76.4% Fibonacci retracement level is being rejected, confirming the potential bottom of the current wave down.

From the 30k satoshis area, the price is likely to start moving upwards, although it could be a very slow reversal that could take another month. First of all KMD/BTC has to break above the downtrend trendline , with a daily close above 45k satoshis. And secondly break above 60k satoshis should confirm a strong move up, that should take price up to 88k, 100k or 122k satoshis levels. In the unlikely event, when the 30k support is broken, Komodo could get back to 17k satoshis level.
Apr 18
Comment: Komodo could be about to produce a strong wave up
May 14
Comment: clearly Komodo moving according to the forecast and should finally start the rally
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out