KMDBTC - Fibonacci Retracement Support Remains Resilient

KMDBTC has been using the 78.6% Fibonacci retracement level as support for a while. This support has remained unbroken, even during this altcoin bear market.

With news on the horizon and this resilient support still in play, KMDBTC may be a winner when/if(?) altcoin markets are back in shape.

The first dICO takes place on the Komodo platform in November, which may act as a catalyst for price to move up to one of the green targets, created using the Fibonacci extension tool.

RSI so far accurately reflects the strength of KMD, and the bullish cross on MACD suggests that momentum is on the increase also.

Let's just hope BTCUSD doesn't spoil the party with another volatile move.