tradinggrey

KMDUSDT Analysis July 6, 2022

Long
BINANCE:KMDUSDT   Komodo / TetherUS
We are Bullish on Komodo, KMDUSDT , and think maybe it has found a bottom. It is down 96% from its high in April of 2021, similar to the timing of the LINK high in 2021. The Horizontal Support Line at ($0.177) was been established and we are bouncing off. The Weekly Downtrend Line was broken and we retested the Support Line. We have a Buy signal and continue to stay above the Trend Lines. We have some profit taking tiers shown on the chart (122%, 194%, 345%, and 500%)! Komodo is an under the radar project that's been around since 2017 with great tokenomics (only a 200,000,000 supply), and development of the first cross-chain exchanges. Not Financial Advice...Trade with Confidence and Control.

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