KMD/BTC could be pushing higher soon

KMD/BTC could be pushing higher soon

#KMD / BTC ( Binance )

Buy Range : 0.0000708
Stop Loss : Daily close candle below 0.0000660

Target 1 : 0.0000890
Target 2 : 0.0001100-1250 area

After almost a year of consolidation, many of the altcoins are starting to outperform Bitcoin .
We have already seen how ADA , DOGE or LUMEN among many others have provided many benefits.

I think Komodo is a currency that has historically increased its price very well in periods when altcoins have dominated

In the technical section, the price action has resisted the support of 500 sats . Now it appears to be forming an ascending triangle pattern.
The first logical objective to take profit is resistance that has already been tested several times. From there, we could see how it reaches the next FIBO point after testing the support if this coin is able to maintain strong pressure.

As for the technical indicators and the price, just to say that they are Bullish in all the timeframes, and that there should be no major problems while the price holds the support.

Good luck !
More trading signals in my telegram channel.

Published at Thu, 09 Jul 2020 13:57:25 +0000

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