Selfkey (KEYBTC) has gone through a long period of consolidation, we already hit some targets (profits), it is only a matter of time before it moves strong.
Let's trade for profits.
On the chart above:
-We can see that EMA10 and EMA50 is being broken passively. Normally, lots of strength is needed to break these levels.
-Since EMA10 and 50 are being broken...
Weekly Chart on $KEYBTC on Binance, as of 4/1/19 we are in a weekly bullish trend, watching for more momentum to pick up for a rise above 100+ satoshi.
Another key trend is on the Coinmarketcaps chart, its gone from under .01 cent to .03 cents two times, it could quiet easily / possibly rise to .01-.025 in the coming months.
Overall Key feels good under...
KEYBTC is in a longterm downtrend channel - will it break the upper resistance at around 76/79?
There's a chance it will move further down the coming week or two to 65/64 or even lower to the longterm support line at 59/60 sats.
If it breaks up the downtrend channel at around 79 it might reach targets at 84/85 or 90 or next resistance at the 110ish.
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
I am looking at Selfkey (KEYBTC) on Binance, even though these are only early signals, and I am seeing a strong move coming ahead.
On the chart above:
We can see that EMA10 and EMA50 is being broken passively. Normally, lots of strength is needed to break these levels.
Since EMA10 and 50 are being broken passively, the momentum might be used to move up...
KEY has been accumulating for weeks and has attempted to break the descending triangle a few times recently, it is now at it's breaking point, it either breaks down or explodes up. Market sentiment would assume the latter, not to mention the double bottom formation
MACD crossover and rising
RSI is rising, lots of room to grow
First target 84-88 range
*In consolidation sitting just above yearly support, 70-72 satoshi forming a Mid term bottom range , we have a possible ADAM and EVE reversal formation , volume is gaining momentum on HTF/LTF OSC, looking to make a bounce within this channel range 66-72
Purpose: SelfKey is a Blockchain based digital identity system that...
Commodity : SELF KEY
Trade Type : LONG
Trading Against : BITCOIN
Reason : Touchdown historical Support
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the...