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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.


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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