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KOMODO "KMD" Technical Analysis | 24 July 2019

2019-07-24 08:31 am | Resource: Technical Analysis Section | No Views : 63

KOMODO Komodo (KMD) broke the bullish trend line during the last week as a result of bear pressure after breaking the areas of $ 1.39 and continued bleeding to break areas of $ 1.20.
During the trading of the digital currency rebounded from the areas of 1.1271 $ and continued to rise towards the areas of 1.3384 $ and broke through the falling trend line during the trading on Saturday.
KOMODO "KMD" Technical Analysis | 24 July 2019 
The digital currency of Komodo has so far been seen neutral on the 240-minute time frame as a result of the lack of confirmation of the breach of the bearish trend line as a breach of 1.3228 areas failed.

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

The ADX indicator is neutral at the moment.
SMA 10 and SMA 20 are neutral due to non-trading through a specific direction.
The momentum indicator of MACD with normal settings is neutral.

Outlook: 

It is expected that, in the case of KOMODO "KMD" break area of $ 1.1271, the digital currency may target the area of $ 1.00.
 On the other hand, if the encrypted currency is breached the $ 1.3228 area, KOMODO "KMD" may target areas of $ 1.5450. 
Support: 1.2043- 1.000 - 0.90
Resistance: 1.3953 - 1.5450 - 1.7120
Trend: neutral

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