KOMODO Price Prediction: Long-term (KMD) Value Forecast – June 29
- KMD/USD market still struggling to move northwards past the $1.50 point.
- And, in the long run, the $1 mark may be eventually broken southward to find foundation around $0.50 mark.
KMD/USD Long-term Trend – Ranging
- Distribution territories: $2, $2.50, $3
- Accumulation territories: $1, $0.75, $0.50
Over a couple of days, the KMD/USD trade has been getting lower moves around $1.50 mark down to the point of touching the immediate accumulation price territory of the market. The pair still struggling to move northwards past the $1.50 point. The 14-day SMA now appears trying to cross the 50-day SMA indicator from the top.
The Stochastic Oscillators have slightly crossed a bit over range 20 to point to the north.
There are indications now signifying the bears’ forces getting weaker towards the market’s accumulation territory mark at $1.
Meanwhile, if the bears continue to consolidate their stance in the market around the $1.50 mark, the current range market movements will be prolonged until the next trading sessions. And, in the long run, the $1 mark may be eventually broken southward to find foundation around $0.50 mark. Traders are enjoined to watch out for a strong price action that can result from a reversal from downward market movement to initiate a buy entry order.
Live komodo (KMD) Price:
1 KMD/USD =$0.7933 change ~ 8.01%
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