Following the previous idea on Komodo, it has reached the upside target at $7 and broke higher reaching the $14.4 high. The corrective wave down followed while price rejected the support 727.2% Fibonacci, that is $7.1.
Currently, it seems that the uptrend is likely to continue to test next Fibonacci resistance level at $1727.2% retracement level, that is $14.7. While the support is holding, uptrend should remain valid pushing Komodo to new all-time highs. Break and close below could invalidate bullish outlook.
Currently, it seems that the uptrend is likely to continue to test next Fibonacci resistance level at $1727.2% retracement level, that is $14.7. While the support is holding, uptrend should remain valid pushing Komodo to new all-time highs. Break and close below could invalidate bullish outlook.
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