THELOGICALINDIAN - Despite the beta absolution of the AtomicDEX KMD charcoal technically bearish
Fundamental Analysis
Komodo is starting to accretion bullish drive afterwards the activity released AtomicDEX v.0.1.6. The activity has been auspiciously developing its decentralized barter and currently accepts applications for the public-beta of its asset-agnostic diminutive bandy DEX.
Komodo / USD Short-term amount analysis
Komodo has a bearish concise bias, with the cryptocurrency still trading beneath its key 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy is assuming that KMD / USD bears accept invalidated a ample astern arch and amateur pattern. The cryptocurrency is accessible to added losses while trading beneath the invalidated pattern.
Technical indicators are bullish on the four-hour time anatomy and abide to accomplish a buy signal.
Pattern Watch
Traders should agenda that an alike beyond astern arch and amateur arrangement could alpha to anatomy on the four-hour time anatomy if the KMD / USD brace continues to rally.
Relative Strength Index
The RSI indicator has angry bullish on the four-hour time anatomy and continues to affair a buy signal.
MACD Indicator
The MACD indicator is bullish on the four-hour time anatomy and continues to accomplish a able buy signal.
Komodo / USD Medium-term amount analysis
Komodo has a bearish medium-term outlook, with the cryptocurrency still trading beneath its trend defining 200-day affective average.
The circadian time anatomy is assuming that the KMD / USD brace is trading beneath key abstruse resistance. The contempo abatement has additionally bootless to invalidate the huge astern arch and amateur arrangement on the circadian time frame.
Technical indicators beyond the circadian time anatomy are attempting to move higher, although they abide technically bearish.
Pattern Watch
Traders should agenda that the ample astern arch and amateur arrangement on the circadian time anatomy has huge upside potential.
Relative Strength Index
The RSI indicator is attempting to move college on the circadian time frame, although it is still trading beneath neutral.
MACD Indicator
The MACD indicator on the circadian time is attempting to move higher, although it charcoal technically bearish.
Conclusion
Komodo is accessible to added concise losses while trading beneath the invalidated astern arch and amateur arrangement on the four-hour time frame.
The KMD / USD brace still warrants abutting ecology over the medium-term, due to the huge bullish arrangement on the circadian time anatomy actual valid.
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