Komodo. Interesting project. Doing some great things and not even marketing it that much.
What do we see on this log scale chart?
Nice movements since last year. Incredible run up. MACD seems to be on a bottom and about to make a positive cross within the next week --> this might indicate we'll break out upwards on the KMD/BTC chart.
200 EMA coming in as extra support as well. RSI coming out of a downtrend, support of this trendline will be in sight pretty soon. Only thing which is lacking is the volume. It did bounce on the horizontal line also, which was resistance earlier and caused the big run up.
Around the support line is a great buy for me, also bullish on this project for long term. So if we break out of this bullflag (or bearish pattern), then we'll see the green box as possible target zone. Target zone is around $30 within 3-4 months.
What do we see on this log scale chart?
Nice movements since last year. Incredible run up. MACD seems to be on a bottom and about to make a positive cross within the next week --> this might indicate we'll break out upwards on the KMD/BTC chart.
200 EMA coming in as extra support as well. RSI coming out of a downtrend, support of this trendline will be in sight pretty soon. Only thing which is lacking is the volume. It did bounce on the horizontal line also, which was resistance earlier and caused the big run up.
Around the support line is a great buy for me, also bullish on this project for long term. So if we break out of this bullflag (or bearish pattern), then we'll see the green box as possible target zone. Target zone is around $30 within 3-4 months.