country flagالعربية

KOMODO "KMD" Technical Analysis | 19 June 2019

2019-06-19 08:19 am | Resource: Technical Analysis Section | No Views : 55

KOMODO Komodo (KMD) During yesterday morning trading, the lower leg of the classical symmetrical triangle pattern broke as a result of sellers' pressure on it.
During yesterday's trading, the digital currency failed to breach the upper leg of a classic symmetrical triangle pattern as a result of weaker buyers' sentiment, thus falling towards $ 1.50.
KOMODO "KMD" Technical Analysis | 19 June 2019 
The digital currency of Komodo (KMD) is trading in a bearish direction on the interval of 240 minutes. This trend supports the lower rib break of the classic model and currently, the currency is retesting the break zone.
We do not recommend selling at the moment until the $ 1.46 areas are broken.

Analysis of technical indicators of the digital currency KOMODO (KMD):

The ADX indicator is not yet significant.
The simple moving average 10 and the slow moving SMA 20 are bearish and this was confirmed by a break of $ 1.54.
The momentum indicator of MACD with the usual setting is bearish but indicates a decline in the sellers' resolve.


It is expected that, in the case of digital currency break area of $ 1.46, Komodo (KMD) may target the area of $ 1.20.
 While in the case of the encrypted currency breach area of $ 1.71, Komodo (KMD) may target areas of $ 2.15.
Support: 1.5450- 1.3953 - 1.2043
Resistance: 1.7120 - 1.8420 - 2.1569
Trend: SideWay

Other analysis

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.