The Komodo vs Bitcoin cryptocurrency pair looks pretty interesting. KMD/BTC formed a support at BTC 0.00027, after which it produced new higher high and new high low. The first indication that the uptrend could be starting.

Today it broke above the 200 Moving Average and 4/1 Gann Fan trendline, which are more facts supporting the idea of the potential uptrend. Targets that would correspond with the upper trendline of the descending channel, are 227.2% and 261.8% Fibonacci retracement levels. They are located between BTC 0.00060 and 0.00065. This is the projected resistance levels.

But as usual, there are risks involved and break below BTC 0.00027 could immediately reverse KMD/BTC in which case the downtrend will continue. Currently, it does look bullish.