Komodo Trade Idea --> Retracement almost over --> ATH soon? Komodo, one of my favourites, I’d say.
What do we see on the TA from this one?
Well, it seemingly can’t break the 90-100K barrier, as that’s a very strong resistance line over there. Retracing all the way down right now. Made a small jump in the past days, but I'd say we'll be seeing some more retracement towards the indicated box before we'll be heading upwards.
What do we see more?
RSI is on a very low level on the daily, getting in the buy zone. MACD in a negative downtrend, but seemingly about to see the bottom.
I do see an ABC correction from the first run up in 2017. And I do think that we’re starting up new impulse waves from the drop back in December 2017.
What are the targets?
First some more retracement towards the 30K zone.
Then probably around the 150K Sats area for May.
