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Komodo / Bitcoin
Long

Komodo Hits Demand Zone: Double Bottom + Bullish Divergence

By AlanSantana
Updated
Komodo (KMDBTC) Chart Analysis

KMDBTC Long term chart: snapshot

  • Here we are looking at a double bottom on the long term weekly chart for Komodo (KMDBTC).
  • After this demand/support zone was hit last time, back in November 2018, KMDBTC went on a bullish wave that generated 190% profits. We believe that the next wave can be even bigger, we are looking at around 250% profits from the current price to resistance. Up to 720% in profits to ATH.
  • Bullish divergence on the MACD.
  • Increasing trading volume.


Let's take a closer look to see the different signals in the making (main chart above):

  • The bullish divergence on the above chart is marked with a purple arrow and is showing up on both the MACD and RSI.
  • Now trading above EMA10 (needs a close above it on the daily time frame for signal confirmation).


Komodo (KMDBTC) hit strong support (demand zone) and is very likely to produce a bullish wave within the next 1-3 weeks.
All details are shared on the chart.

Feel free to hit like to show your support.

This is not financial advice.

Namaste.
Note
THE NEW JOURNEY STARTS

Engines ready, heart on top of my head.

The new journey starts, I am ready to launch ahead.

Clouds won’t stop me, I can even enjoy the rain.

Bring in the work…

I am ready…

My new journey starts today.

Namaste.
Note
(1) 0.000164 -Reached 26-May (+9%)
Note
Targets:

(1) 0.000164 -Reached 26-May (+9%)
(2) 0.000181 -Reached 29-May (+20%)
(3) 0.000194 -Reached 29-May (+28%)
Note
If KMDBTC can stay above EMA50 (0.0001772), then an impulse up is very likely...

snapshot

Looking bullish for me.
Note
(1) 0.000164 -Reached 26-May (+9%)
(2) 0.000181 -Reached 29-May (+20%)
(3) 0.000194 -Reached 29-May (+28%)
(4) 0.000210 -Reached 4-June (+38%)
(5) 0.000227 - Next targe.
(6) 0.000255

Moving (up)forward.
Enjoy the profits.

Namaste.
Note
We are going for our next target...
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