Is Komodo (KMD) gearing up for a 300% Rally?
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Komodo (KMD) has performed particularly well over the last 7 days, and one trader has suggested that this might be an indicator of even better things to come. Nik Patel pointed out that, according to a pattern he spotted, the 50th-biggest crypto could be about to surge by as much as 300%.
Patel is the author of best-selling trading manual "An Altcoin Trader's Handbook", and regularly tweets about crypto price action. He first mentioned that KMD looked promising yesterday, as it soared by over 15 percent to its highest price point in almost 3 months.
Read more: Komodo (KMD) gains 20% in one week
Now, he has spotted a pattern that could suggest an even bigger rally for KMD in the upcoming days. The last two times that KMD closed the 24h period trading at 22,500 satoshis, after time trading below it, it went on to surge by over 300%.
This has only occurred two times before, so it is tough to describe this as a regular pattern, and the crypto market is now signifcantly different from what it was. However, KMD has definitely been bucking the market trends recently, and its positive fundamentals and technicals could see it making some significant further gains.
Join- https://t.me/btctradingclub
Komodo (KMD) has performed particularly well over the last 7 days, and one trader has suggested that this might be an indicator of even better things to come. Nik Patel pointed out that, according to a pattern he spotted, the 50th-biggest crypto could be about to surge by as much as 300%.
Patel is the author of best-selling trading manual "An Altcoin Trader's Handbook", and regularly tweets about crypto price action. He first mentioned that KMD looked promising yesterday, as it soared by over 15 percent to its highest price point in almost 3 months.
Read more: Komodo (KMD) gains 20% in one week
Now, he has spotted a pattern that could suggest an even bigger rally for KMD in the upcoming days. The last two times that KMD closed the 24h period trading at 22,500 satoshis, after time trading below it, it went on to surge by over 300%.
This has only occurred two times before, so it is tough to describe this as a regular pattern, and the crypto market is now signifcantly different from what it was. However, KMD has definitely been bucking the market trends recently, and its positive fundamentals and technicals could see it making some significant further gains.
