Komodo (KMD) Update - Falling wedge? - Technical Analysis and Trades February 12th

KMD is looking to break through the resistance and form a new channel.

Green box has been support thus far, and I've made a trade at 0.0004666 and sold at the bounce at 0.0004872.

I bought back in at 0.0004683 and will be looking for it to break through and I'll try and sell at 0.00048.

Anyway, look at that wedge forming. We may break through right here, but if not my green box is my support zone. If we do come back down to complete the wedge formation, we actually created a truncated 5th wave down, which if I can validate would line up with my thoughts on Komodo's future price.

It's gonna rocket, it's just a matter of time.

Wanna trade KMD?

Be patient. Let it come down to my green box. A great entry is 0.00046 if we can confirm the already pretty legit support.

Peace.

-B