Komodo Intro, Should We Invest? (KMD/BTC) + BTC/ETH/LTC Technical Analysis!
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Weekly
Looking at our highest timeframe we see KMD has been in aggressive downtrend since December 2017, lower high recently formed back in April 2018. Stochastic RSI showing us momentum is heading towards the downside. Potential double bottom formation at 35000.
Daily
Shifting over to our pattern timeframe we see price has broke out of its descending wedge, only to find resistance at 45000. Lower highs were formed at 44000 and slightly above 40000. Stochastic RSI showing sun momentum looking bullish. A daily close above 35000 activates our trade.
Conclusion
- Buy: After daily close above 35000
- Sell:
Comment Down below what coin you want me to do next! ;)
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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