Komodo sitting at the bottom of a 1.5 month accumulation range
Upcoming rebrand (end of september) should be the catalyst to break the trendline
Stop losses at 14500 sats
My last chart was a complete disaster.
Even though I pinpointed where the last dip should stop, the bounce was disappointing.
Now, this looks like a classic Wyckoff Accumulation, the only difference I see is the "Creek" not going all the way to the resistance levels.
If it does happen, we should expect a spring any time soon, with an increase in volume and an...
My last chart was a complete disaster.
Even though I pinpointed where the last dip should stop, the bounce was disappointing.
Now, this looks like a classic Wyckoff Acc. Schematic, the only difference I see is the "Creek" not going all the way to the resistance levels.
If it does happen, we should expect a spring any time soon, with an increase in volume and an...
As you can see, each dip is losing more and more momentum.
I believe the worst is behind us, I expect us to have a quite aggresive bounce to the $11k area, and we should consolidate between $9k and $11k for a while.
Alt should have a party once we consolidate.
