Komodo (KMDBTC) closed last week with a bullish Doji, which is marked with a purple circle.
We can also notice from the chart above how KMDBTC touched the support level back from March 2017. We can also see that a strong bullish wave followed the bounce from this support.
We can notice bullish divergence on the MACD, with strong hidden bullish divergence on the RSI.
Important resistance levels (targets) are marked on the chart with grey and blue/orange dashed lines.
Conditions for change: Komodo (KMDBTC) is highly bullish after last weekly candle close, but, if KMDBTC moves down and closes below 0.00009000, the above signals become invalidated and KMDBTC con continue going lower and test the next support.
Anything above this level and we remain bullish.
Thanks a lot for reading... Feel free to hit like to show your support.
This is Alan Masters.
Namaste.
Previous Komodo (KMDBTC) analysis: ---------------- THIS IS NOT FINANCIAL ADVICE.
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