First, this is the first time I put an idea here, criticism about the analysis is welcome
here we have the chart of 1h key / btc ... we can see a falling wedge where a double bottom will probably happen in the support (blue line).
MACD shows bullish divergence. The 4h chart also shows oversold
BUY: 241 SATS
SELL: TP 1 290 SATS
TP 2 380 SATS
...
i have drawn the supports for selfkey
a good bounce from 220 or 180 is highly possible , the rsi on 4h is also below
shows its currently too much oversold and a good place to buy
ill update the targets to sell as the buyers are back
Quick KEY update. Drawings on the chart...
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Selfkey (KEY) took everybody by surprise a few days ago, when it had one of the biggest price increase we have seen in a while.
As it is the norm, everything that goes up, must come down and KEY did come down and is now testing support.
After testing support it went up, back down and now... Is it time for the next...
Looks like KEY is finding the bottom, with the MACD getting closer to the signal line, an RSI that is bottoming out in the oversold area and a stochastic that is trending upwards again. Together with the falling wedge that is forming, it might be a good point to reversal to the upside. What do you guys think?
To be fully transparent let me admit that I'm brand new to the application of Elliot waves and for all i know this could be a poor candidate, however it does appear to at least fit within the key parameters of an impulse wave and is thus a possibility. I'll list this below but I'd also point out that the macd, stochastic rsi, accumulation/distribution are all...
Broke out the golden trend line and retested the resistance at convergence of fib 0.5 level and has painted a confirmed reversal candle as the next move builds. Early formation is similar to the previous small set of waves before the large thrust upward. Get on board before take off!
Let's hope this is the run we've all been waiting for -- although I'm not complaining bout recovering all those losses! Hoping we just may test our new high in the 900's today -- this cup and handle rebound is a good start. Will be watching!
Good luck!
Here are some targets for Selfkey (KEY):
(1) 0.00000486
(2) 0.00000540
(3) 0.00000572
(4) 0.00000609
(5) 0.00000685
(6) 0.00000731
(7) 0.00000807
(8) 0.00000895
(9) 0.00000967
(10) 0.00001080
Note: These are the levels at which KEY is likely to face resistance on the way up.
You can use these levels as reference to sell for profits.
This is not a trade...
Hello traders, Key is currently trading above a Support/Demand Zone
Todays Scalp Idea
Entries can be found now at 320 sats and inside our Blue box.
Targets at
365
410
440 - White box
Stop loss to be set at 270
Use proper risk management and happy trading.
Telegram link in Bio
Just an simplistic idea that seems to make sense. Selfkey isn't listed that long ago on binance so anything can happen. Being active myself with a data-analytical startup company I would say the project has potential.
I could see sort of a bullish price channel with the price fluctuating between the channel line and the main trend line. Notice the indicators in...
While I agree this is the most optimistic outlook POSSIBLE (and mostly based on gut/minds eye), I'm forced to admit its at least somewhat feasible. I don't understand why $key is attracting such an insane amount of volume, but that kind of money makes an insane run like this possible. Might as well take a shot, right? It's a new coin with a lot of hype and all the...
Will add my thoughts once I have a minute to sit down and really think critically here. In the meantime here's a little something to show y'all where critical points might occur and what kind of resistance we'll be facing on the way up. Support is incredibly strong at ~475 and then again at 440. Buy opportunity if you're bold and on board.
I'll be back in a bit...
