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KOMODO "KMD" Technical Analysis | 14 August 2019

2019-08-14 11:04 am | Resource: Technical Analysis Section | No Views : 30

KOMODO The digital currency Komodo (KMD) during last week's trading failed to stabilize above $ 1 due to weakness thus falling towards $ 0.7994 areas.
The digital currency rebounded during last Saturday's trading from $ 0.7994, continued to rise to breach the downtrend line and then failed to breach the $ 1 resistance area due to weak buyers' resolve.
 KOMODO "KMD" Technical Analysis | 14 August 2019
The cryptocurrency Komodo (KMD) breached the rising trend line on Sunday's 4-hour interval so far has not confirmed this breach, so our outlook is neutral at the moment.

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

The ADX indicator is currently insignificant.
SMA 10 and SMA 20 are currently neutral as a result of not trading in a specific direction.
Momentum indicator in the normal settings signaled turned down during the first hours of trading this morning, but without confirmation.

Outlook: 

It is expected that, in the case of digital currency break $ 0.7994 area, Komodo (KMD) may target $ 0.6428 area.
 On the other hand, if the cryptocurrency breaks through the $ 0.9893 zone, it may target $ 1.20 zones.
Support: 0.8683 - 0.6428 - 0.5130
Resistance: 1.000- 1.2043- 1.3953
Trend: Neutral

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