Technical analysis Komodo. KMD-BTC on July 18, 2018

July 19, 2018


It demonstrates a good level for opening the position and getting profit. It has fallen down for a long time without any correction of the fall, now it is too oversold and the indicators of some timeframes demonstrate the bullish divergence that increases the chances to get a bounce. If Bitcoin doesn’t make any sudden actions, Komodo has all the chances to enter 0.00030000-0.00034000 in the near future. If we have a negative scenario on the global market, KMD can fall within the support zone from which it will bounce and move up anyway.

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