Here is our Gann Fan
indicator - but reversed ! As you can see KEY hit the top of that blue band around 85 sats
but our MACD
are both bearish
.We are definitely having a hard retrace down here . Now look at possible price targets below us . How low will it go ? We have already wicked into that light purple band , the bottom of which is 29 sats
. We are almost certainly going there . Even below that is the orange colored band which bottoms out at 18 or 19 sats
, it's likely at some point we see that price but it could take awhile .
To sum up - KEY is reversing now after a massive pump -
Targets below us are
29 in short to mid-term
18 or 19 sats
mid to long-term
I would wait til we see those targets along with other signs of a turnaround (such as MACD
turning up ) before I buy again .
For now it's a waiting game .
Also please dont chase pumps !