Komodo:
W:
I pulled up the TREX listing because of the history advantage over Binance. It doesn't quite have the Volume but all these alts look pretty similar these days anyway.
Clear downtrend from December. Sideways for a few weeks and then up for three before coming down for the last 16 weeks.
Let's establish some levels...
The most interesting for me would be .7084. That would establish a fantastic Double Bottom.
D:
Here we can see a falling wedge. Lower Lows and Lower Highs. Clearly we would like to see some bullish bias breakout the resistance but we need to make some moves first just to stay above the bottom resistance.
Trading above the 6 day EMA but below all the rest. Not the best looking Hammer a few days ago but then immediately followed by an Inverse Hammer sort of has me thinking bullish.
Spinning top for indecision and then a pretty solid bullish candle so far today. I feel that would be a pretty good indicator for the short term. Couple that with the MACD showing three upticks and about to cross over while Godmode already signaled long two days ago.
4H:
Looking pretty good for the short term in my opinion. A closer look shows us what happened in the 4H period while we broke support. BIG bullish candle to get out of that trading zone. Then sideways for a bit and now trending up. All indicators are favorable to the upside.
W:
I pulled up the TREX listing because of the history advantage over Binance. It doesn't quite have the Volume but all these alts look pretty similar these days anyway.
Clear downtrend from December. Sideways for a few weeks and then up for three before coming down for the last 16 weeks.
Let's establish some levels...
The most interesting for me would be .7084. That would establish a fantastic Double Bottom.
D:
Here we can see a falling wedge. Lower Lows and Lower Highs. Clearly we would like to see some bullish bias breakout the resistance but we need to make some moves first just to stay above the bottom resistance.
Trading above the 6 day EMA but below all the rest. Not the best looking Hammer a few days ago but then immediately followed by an Inverse Hammer sort of has me thinking bullish.
Spinning top for indecision and then a pretty solid bullish candle so far today. I feel that would be a pretty good indicator for the short term. Couple that with the MACD showing three upticks and about to cross over while Godmode already signaled long two days ago.
4H:
Looking pretty good for the short term in my opinion. A closer look shows us what happened in the 4H period while we broke support. BIG bullish candle to get out of that trading zone. Then sideways for a bit and now trending up. All indicators are favorable to the upside.