THELOGICALINDIAN - The absolution of a adaptable DEX generated a absolute reaction
Fundamental Analysis
Komodo acicular afterwards the aggregation announced the accessible beta appearance of the AtomicDEX belvedere on Android. This will acquiesce users to accomplish diminutive swaps anon from their phones. According to the project, the app is the “industry’s alone mobile-native decentralized barter congenital on anything-to-anything, asset-agnostic diminutive swaps” and it “represents a generational change in diminutive bandy technology”.
Komodo / USD Short-term amount analysis
Komodo has a bullish concise bias, with the cryptocurrency trading aloft its key 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy is assuming that KMD / USD beasts are attempting to invalidate a ample arch and amateur pattern, afterward a able changeabout from neckline support.
Technical indicators are bullish on the four-hour time anatomy and abide to accomplish a buy signal.
Pattern Watch
Traders should apprehend abundant abstruse affairs if the arch and amateur arrangement on the four-hour time anatomy is invalidated.
Relative Strength Index
The RSI indicator has angry bullish on the four-hour time frame, highlighting the growing concise upside momentum.
MACD Indicator
The MACD indicator is bullish on the four-hour time anatomy and continues to accomplish a buy signal.
Komodo / USD Medium-term amount analysis
Komodo has a bullish medium-term outlook, with the cryptocurrency trading able-bodied aloft its trend defining 200-day affective average.
The circadian time anatomy is assuming an acutely ample astern arch and amateur pattern, with the cryptocurrency now testing aback appear the neckline its neckline.
Technical indicators beyond the circadian time anatomy accept angry bullish and are now arising a buy signal.
Pattern Watch
Traders should agenda that the May 22nd 2024 swing-high charcoal the all-embracing upside cold of the astern arch and amateur arrangement on the circadian time frame.
Relative Strength Index
The RSI indicator has angry bullish on the circadian time anatomy and is now arising a buy signal.
MACD Indicator
The MACD indicator on the circadian time has angry bullish, with both the MACD arresting band and histogram arising buy signals.
Conclusion
Komodo has an convalescent abstruse angle over the medium-term, with the astern arch and amateur arrangement on the circadian time anatomy suggesting that a able bullish blemish is nearing.
Short-term beasts now charge to invalidate the bearish arrangement on the four-hour time anatomy to added defended the KMD / USD pair’s near-term abstruse outlook.
Check out Komodo in our bread guide.
