I love Komodo (KMDBTC) as a cryptocurrency project as well as a crypto-trading pair.
The first being because it is a solid project and the second because it always generates great profits for us. I am mostly called to this chart at the right time...
Let's take a look at Komodo differently for entertainment. We will ignore our classic, highly effective, signals for something different.
Let me call your attention to the yellow (EMA200) and grey (EMA300) lines. These are moving average lines, an indicator.
Notice how bearishness starts after the price moves below these lines/level... But after a low is hit and bullish divergence shows up on the MACD, basically the price gravitates back towards these same lines (green arrow).
Right now we are seeing KMDBTC trading far below EMA200 and EMA300. Bullish divergence is already showing on the MACD. So as we've seen before, KMDBTC price is now expected to move towards these lines and break pass above them.
If this isn't enough to convince you that Komodo is now bullish and will soon move up, then we still have all of the classic signals that are also active on this call.
SPOILER ALERT[/B]. Komodo (KMDBTC) is about to move up!