Komodo (KMD) to $1.40

On the above 1-day chart price action has corrected 90%. A ‘incredible buy’ opportunity now exists. Why bullish?

1) Price action breaks out of resistance and prints a higher low.

2) RSI resistance breaks out.

3) Price action makes an impulsive move to the upper side of the Bollinger Band (not shown here to keep the chart clean).

4) The KMD / Bitcoin chart prints a fractal of the dollar chart as well as a 2nd ‘incredible buy’ opportunity.

Is it possible price action falls further? For sure?

Is it probable? Very unlikely.

1st target $1.40 / 75% gain.

Good luck!

WW


1-day KMD / Bitcoin chart: