AndyTheKing

KMD/BTC - Sitting on the runway (awaiting take off)

Long
AndyTheKing Updated   
BINANCE:KMDBTC   Komodo / Bitcoin
As one of the older Binance coins, Komodo takes a bit more time to rock and roll than some of the newer listings. However, don't let that deter you at these levels! We know from previous rises in price that when this one goes, it really flies.

My reasoning:

  • Location: Reload zone
  • Structure: Double bottom off the 786 fib.
  • Divergence: Confirmed histogram div and stupid willy. Want to see a stronger move from the bulls on the daily OBV as we're still trading under its 13EMA.
  • Trend: Broken through the bearish trend line , entering a brief accumulation period.
  • VPVR: Holes in volume above 816 sats and above 1000 sats. Sitting at the POC.

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