RJDTC

KEY Wyckoff accumulation schematic #2

Long
RJDTC Updated   
BINANCE:KEYBTC   None
Maybe going for the long stops just beneath previous low and create a spring from there.
Target is first resistance line

Chart is self-explanatory and follows accumulation schematic 2 of the wyckoff method. See link below for info about Wyckoff
stockcharts.com/arti...ing-lets-review.html
Comment:
altho trendlines aren't very reliable, they can be used to indicate possible upcomming momentum switches. This trendline is now broken, however with lack of volume
Comment:
KEY has made the ST in phase B and is now making an ascending triangle on the 4h chart. 14/200 EMA are about to cross bullish which indicates that a momentum shift may be comming.

My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios

If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
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