From a fundamental point of view and I QUOTE from their group:
"
-20k tx/s confirmed - soon more when testing with aws
-Hyperdex: decentralized exchange (95% of coins/tokens covered)
-Ability to launc icos and dicos (decentralized icos)
-You can develop your project on your own chain, even if komodo goes down (which is pretty much impossible) your business will not be affected
-safety, speed, low cost, privacy
-so far 6 icos/dicos, should be loads more before eoy
-due to scalability there are projects considering jump from eth to kmd (i think one already did)
-that's just for starters, you can check more from youtube, reddit, telegram main channel and slack. Basically the tech is years ahead of many others
" End quote
So Komodo has a lot going for them from a fundamental point of view which will definitely drive the price up.
Technical Analysis :
- On the daily, we are on the lower end of the RSI channel, indicating a potential reversal, as we hit a double bottom on the RSI : BULLISH indicator
- We are currently trading below EMA's, but TTM squeeze is indicating a movement soon ( look at the red squeeze on my TTM indicator ), this indicator is used to detect momentum movements, we will use other indicators to determine whether it's up or down : Neutral indicator indicating a change
- We have, so far, traded between the two resistance lines in green that I drew, and have respected those ratios for a long time. The price is near the bottom: BULLISH
- We are sitting on the red fibonacci line : BULLISH
In conclusion : I see absolutely no bear signs for this, and we are near the bottom, so my conclusion is that we will go up for sure. I will post the targets in the updates soon.
"
-20k tx/s confirmed - soon more when testing with aws
-Hyperdex: decentralized exchange (95% of coins/tokens covered)
-Ability to launc icos and dicos (decentralized icos)
-You can develop your project on your own chain, even if komodo goes down (which is pretty much impossible) your business will not be affected
-safety, speed, low cost, privacy
-so far 6 icos/dicos, should be loads more before eoy
-due to scalability there are projects considering jump from eth to kmd (i think one already did)
-that's just for starters, you can check more from youtube, reddit, telegram main channel and slack. Basically the tech is years ahead of many others
" End quote
So Komodo has a lot going for them from a fundamental point of view which will definitely drive the price up.
Technical Analysis :
- On the daily, we are on the lower end of the RSI channel, indicating a potential reversal, as we hit a double bottom on the RSI : BULLISH indicator
- We are currently trading below EMA's, but TTM squeeze is indicating a movement soon ( look at the red squeeze on my TTM indicator ), this indicator is used to detect momentum movements, we will use other indicators to determine whether it's up or down : Neutral indicator indicating a change
- We have, so far, traded between the two resistance lines in green that I drew, and have respected those ratios for a long time. The price is near the bottom: BULLISH
- We are sitting on the red fibonacci line : BULLISH
In conclusion : I see absolutely no bear signs for this, and we are near the bottom, so my conclusion is that we will go up for sure. I will post the targets in the updates soon.
Comment:
I'm sorry I made an error with my previous targets :
0.00052
0.00088
There is one zero missing
0.00052
0.00088
There is one zero missing
Comment:
Here's the update for Komodo. We broke the fib line, and heading towards a major resistance that will hold. So hold your positions, and if you're not in, get in near the green line.
Btc is scaring people off, and we know bounces bounce hard when they do
Here's the update for Komodo. We broke the fib line, and heading towards a major resistance that will hold. So hold your positions, and if you're not in, get in near the green line.
Btc is scaring people off, and we know bounces bounce hard when they do
Comment:
Alright, it seems support is much lower, it's ok, all alts took a hit, but Komodo has shown a massive wick now proving that the buy area is very strong, and I think the uptrend will start shortly on this one
Target 1 : 0.0052 ( Sell and reload at 0.0045 )
Target 2 : 0.0088
Target 3+ : Highly unlikely, unless some news comes out ( it all depends on the fundamentals)