Komodo Recovers | Strong Move Ahead | Easy 66%+ Possible

Oct 11, 2019

Komodo (KMDBTC) is printing a very strong bullish candle today.

After hitting a peak on the 7-Oct., KMDBTC retraced and produced good volume to break below EMA50 and EMA10... Today, a strong bullish candle regained those levels back, meaning, KMDBTC is now back above EMA10 and EMA50... This is a strong bullish signal.

This move is also supported by big volume, above-average, and the biggest volume bar since the 6-Sept. bounce after the ATL was hit, confirming that this is a strong and solid move.

The RSI is strong and the MACD on the bullish side.

Komodo can easily continue growing.

Conditions for chnage
If KMDBTC moves down and closes below EMA10 or the green trendline, the above signals are invalidated and we switch our view from bullish to bearish until a new analysis is published.

Thanks a lot for your continued support.

Namaste.