Komodo-KMD/USD Analysis
Komodo came out from the Zecash platform which came forth from the bitcoin network with major focus on providing standard privacy and a better security of a decentralised network.
Komodo coin has seen a recent surge in USD with 100%+ in the month of February 2019.It is one of the most promising cryptocurrencies 2019.
Bullish Case:
Komodo pair has seen a significant growth of more than 100%+ in terms of USD.It has broken the Long term down-trend line(red dotted) with significant buying volume.It signifies an early signs of more upside potential as it seems to have come-out of Bears controls for short to mid-term period.It has broken 200D-SMAs(Simple Moving Average) and ichimoku cloud.
If the support level near $0.7-$0.8 is held then three resistance level could be tested in the coming days/weeks.
Simply put, if someone's needs to buy this asset then $0.7-$0.8 are levels to watch for 50+%, with tight stop-loss around $0.5.
Bearish Case:
If the preliminary support around $0.6 is broken down then last line of defence would be $0.4 price level, breaking that would be strongly bearish(sell signal) for the asset.
Komodo coin has seen a recent surge in USD with 100%+ in the month of February 2019.It is one of the most promising cryptocurrencies 2019.
Bullish Case:
Komodo pair has seen a significant growth of more than 100%+ in terms of USD.It has broken the Long term down-trend line(red dotted) with significant buying volume.It signifies an early signs of more upside potential as it seems to have come-out of Bears controls for short to mid-term period.It has broken 200D-SMAs(Simple Moving Average) and ichimoku cloud.
If the support level near $0.7-$0.8 is held then three resistance level could be tested in the coming days/weeks.
Simply put, if someone's needs to buy this asset then $0.7-$0.8 are levels to watch for 50+%, with tight stop-loss around $0.5.
Bearish Case:
If the preliminary support around $0.6 is broken down then last line of defence would be $0.4 price level, breaking that would be strongly bearish(sell signal) for the asset.
Catatan
Tested the support and pumped
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.