Looks like a falling wedge on the daily for KEYBTC.
Usually the falling wedge is a bullish pattern, so the target might be somewhere between 42 and 49, dependent on the strength of the breakout.
But keep in mind that the pattern could also still fail, so don't forget to do your risk managment properly.
This is not financial advice and just for your entertainment.
Usually the falling wedge is a bullish pattern, so the target might be somewhere between 42 and 49, dependent on the strength of the breakout.
But keep in mind that the pattern could also still fail, so don't forget to do your risk managment properly.
This is not financial advice and just for your entertainment.
Comment:
Target hit at 45.
As long as Bitcoin is rallying, I guess small alts have to bleed while everyone fomos into Bitcoin.
When having a look at the order book as this is uncharted territory, it seems there are some buyers waiting at around 25 and between 6 and 10 at the moment.
Of course this can change at any moment.
But these are the support levels I will watch now.