Komodo is slowly climbing up very slowly.
KMD has strong fundamentals and is considered as a long-term investment. The previous drop got the price to the support line 26000 sats, which is a good entry point. Price is getting closer to the end of the flag and is rather unlikely that the price will further drop. ADX DI gives at the 1h a bullish signal. Yet the volume is missing. MACD is also sending some...
All explained in the graphic. Komodo is doing a triangle and fit very well with Fibonacci. As the first support line we got (0.786), if the price goes down, the bracket changes to the main support line. To be safe, just buy if exceed the (0.618) resistance.
- buy zone set at 0.00050750 wait for it to bounce off the lower support and confirm a breakout first. - needs volume for it to pick up the price action again. - set stop losses as necessary -TRADE at your own RISK
Bollinger bands are squeezing hard as we see many bullish patterns on this coin, micro penants and macro flags. Yesterday the KMD team announced they would have some updated news today, could be the needed push for the long awaited price action. I will likely begin taking profits around .00075 but hold some in anticipation for longer term pushes. My entry was:...