KOMODO Price Prediction: Long-term (KMD) Value Forecast – July 20
- KMD/USD market is in a rage pattern formed in a small row closer to the immediate accumulation territories at $1 mark.
- In the next trading sessions, there could still be a room for more range price movements..
KMD/USD Long-term Trend – Ranging
- Distribution territories: $2, $2.50, $3
- Accumulation territories: $1, $0.75, $0.50
The KMD/USD market has taken a slight step further to dip lower as compared with the last range moving mode outlook it had recently. This time around, the choppy price movements pattern has formed in a small row closer to the immediate accumulation territories at $1 mark from the top.
The crypto has along the line trying to touch the smaller SMA from below during the little scalable range moves from below. The 50-day SMA indicator is situated around $1.50 over the 14-day SMA indicator that slightly points to the south. And, the two SMAs are not far from each other. The Stochastic Oscillators have penetrated the oversold zone to consolidate around range 20.
The bears may lack the power of causing a kind of price precipitation during the current choppy moves in this crypto-trade. There could still be a room for more range price movements around the immediate accumulation territory of $1 mark in next trading sessions.
Live komodo (KMD) Price:
1 KMD/USD =$1.3766 change ~ -0.14%
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