KMD/BTC

8 Mar 2018

Komodo is approaching is buy zone in the 33.2-28.2 range. The traders EMA are starting to compress but the inverstors EMA are still expand. So I expect consolidation in that range and I'll wait for the contractions of the Investors EMA before taking any kind of positions to see if the dip is nearing the end or another dip to the other box can be in play. I expect a bounce in that 33-28 range though before a retest of ATH or maybe new ATH we never know. Komodo is a really solid project fundamentally being the first project to do atomic swap between BTC and ERC20 token. New website coming up, new team member, new marketing so pretty neat future in my opinion.