✴️ Komodo Long-Term Accumulation Phase Ending (160%-190% PP)

Komodo (KMDUSDT) moved above MA200 on low volume while it still trades below EMA300, a sign of weakness?

The action seems slow and all but the bias is still bullish.
While there is no momentum and sideways action has been happening for more than 1.5 years, the bulls are in control, let me show you.

Komodo has been producing higher lows since June 2022, we also have some higher highs after the November 2022 low.

The last low happened in August 2023 and now KMDUSDT is trading above the major moving averages EMA100, EMA200 and MA200 on low volume. The fact that Komodo is slowly moving above resistance on low volume is a signal of strength, this is simply an accumulation phase with a clear bullish bent.

Accumulation with a bullish bent simply means the next major breakout will happen to the upside when it takes place, here is the catch, it can happen within 3 weeks just as it can happen in 2 days... The market is volatile and at times highly random, it is hard to predict timing but we can predict the direction with a high level of accuracy, over and over, easily...

Thank you for reading.

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Namaste.

Commento:

The bullish bias is strong here as Komodo (KMDUSDT) is trading above all the long-term moving averages...

This tells us that is likely that this Altcoin will move up if Bitcoin goes into a correction.
Regardless of Bitcoin, KMDUSDT looks bullish.

Namaste.

Trade chiuso: obiettivo raggiunto:

Both targets are now hit. 230%+
There can be additional growth.