Komodo Next In Line | Decisive Break Above Resistance (65%)

Komodo (KMDBTC) had a strong bounce recently and just moved above EMA50 on high volume.

This signal tells us that this pair is ready to move up and grow.

The RSI is now at 60. A few months back, we would see the RSI sitting at 10, 15, 20 and such for most altcoins even if they were moving up.

Now we are seeing strong RSI across the board even while these pairs are hitting new ATLs.

Now that KMDBTC is back above EMA50, we can expect more bullish action.

The next and main target is marked on the chart with a bold dashed magenta line.

I marked two additional targets for short-term gains.

Remember to have a plan and use a stop-loss if you decide to trade.

Thanks a lot for reading.

Namaste.

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