Komodo, great coin with a great team and a great month ahead.
Not a particular marketing wise great team, but what I've seen from them development wise, they have a bright future coming.
For this I've the Komodo / BTC chart. Let's first discuss the Komodo / USD chart a bit.
Conclusion: the same as Stratis. Retraced all the way back towards the support box around $2.30-2.70, which it has been in at the beginning of Q4 2018 and which is a pretty big support area. Falling wedge scenario, small bullish divergences on the daily can be seen too. Bollinger Bands squeezing, so there's some volatility coming.
Then we've the Komodo / BTC chart, a chart I've discussed earlier with Elliott Waves, which I won't be using now.
Again a falling wedge, after the same falling wedge from September towards December. Pretty massive breakout afterwards.
Right now, pure technical:
- Bullish divergence on the rSI
- Bullish divergence on the Stoch RSI
- Bullish divergence on the CCI
- Bullish divergence on the MACD
All on the daily --> gives confidence.
Red flag: no real volume yet, which is slowly building up.
Fundamental wise it's a big month for Komodo with ICO's and an airdrop. And I'm expecting a lot from this project, probably one of the few platforms being a real concurrent for Ethereum.
Conclusion: we're in a bargain buy area for Komodo. Expecting a little sideways pattern for the coming days awaiting what Bitcoin wants to do. When BTC breaks the $7.300 downtrend zone on the logtrend scale I'm expecting that this one will make a significant upwards movement just like we've seen earlier.
Not a particular marketing wise great team, but what I've seen from them development wise, they have a bright future coming.
For this I've the Komodo / BTC chart. Let's first discuss the Komodo / USD chart a bit.
Conclusion: the same as Stratis. Retraced all the way back towards the support box around $2.30-2.70, which it has been in at the beginning of Q4 2018 and which is a pretty big support area. Falling wedge scenario, small bullish divergences on the daily can be seen too. Bollinger Bands squeezing, so there's some volatility coming.
Then we've the Komodo / BTC chart, a chart I've discussed earlier with Elliott Waves, which I won't be using now.
Again a falling wedge, after the same falling wedge from September towards December. Pretty massive breakout afterwards.
Right now, pure technical:
- Bullish divergence on the rSI
- Bullish divergence on the Stoch RSI
- Bullish divergence on the CCI
- Bullish divergence on the MACD
All on the daily --> gives confidence.
Red flag: no real volume yet, which is slowly building up.
Fundamental wise it's a big month for Komodo with ICO's and an airdrop. And I'm expecting a lot from this project, probably one of the few platforms being a real concurrent for Ethereum.
Conclusion: we're in a bargain buy area for Komodo. Expecting a little sideways pattern for the coming days awaiting what Bitcoin wants to do. When BTC breaks the $7.300 downtrend zone on the logtrend scale I'm expecting that this one will make a significant upwards movement just like we've seen earlier.