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KOMODO "KMD" Technical Analysis | 11 September 2019

2019-09-11 08:47 am | Resource: Technical Analysis Section | No Views : 24

KOMODO Digital currency Komodo (KMD) During last Friday's trading failed to breach the downtrend line due to weak demand and failed to break the $ 0.7716 high.
This week, the digital currency fell from $ 0.7642 and continued to fall to $ 0.6637 due to bear pressure.
 KOMODO "KMD" Technical Analysis | 11 September 2019
The digital currency Komodo (KMD) is trading in a downtrend supported by breaking the $ 0.70 low on the 4 hour interval and technical indicators support our view as we will learn through the following lines.

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

The ADX indicator indicates that the downtrend strength has increased over time.
The SMA 10 and the SMA 20 are currently bearish.
The MACD momentum indicator with its normal settings is currently bearish.

Outlook: 

It is expected that, in the case of digital currency break $ 0.6680 area, Komodo (KMD) may target $ 0.60 area.
 On the other hand, if the cryptocurrency breaks through the $ 0.7716 zone, Komodo (KMD) may target $ 0.8683 zones.
Support: 0.6428 - 0.5130 -0.045
Resistance: 0.8683 - 1.000 - 1.2043
Trend: Down

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