For the past couple of months alts have mostly been countertrending BTC. When BTC made a another bullrun, alts suffered.
The same happened with Komodo. However, with their first ICO (Monaize) launching on nov 11th, this countertrend seems to have stopped 2-3 days ago. Despite the strong BTC bullrun in the past couple of days, KMD did not decline like most other alts, but kept its value. Meanwhile, volume is coming in.
In a larger timescale, KMD looks to have reached the bottom and indicators are starting to line up with their values of the previous run-up in the beginning of september:
The same happened with Komodo. However, with their first ICO (Monaize) launching on nov 11th, this countertrend seems to have stopped 2-3 days ago. Despite the strong BTC bullrun in the past couple of days, KMD did not decline like most other alts, but kept its value. Meanwhile, volume is coming in.
In a larger timescale, KMD looks to have reached the bottom and indicators are starting to line up with their values of the previous run-up in the beginning of september:
I'm using the indicator "Tom Demark Count by Jan WillemDe Korver", by the way