After hitting a peak on the 7-Oct., KMDBTC retraced and produced good to break below EMA50 and EMA10... Today, a strong candle regained those levels back, meaning, KMDBTC is now back above EMA10 and EMA50... This is a strong signal.
This move is also supported by big , above-average, and the biggest bar since the 6-Sept. bounce after the ATL was hit, confirming that this is a strong and solid move.
The is strong and the on the 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 to until a new analysis is published.
Thanks a lot for your continued support.