Klaytn (KLAYUSD) broke today above its 1D MA200 (orange trend-line) for the first time in 6 months (since May 08). This is a major bullish break-out for the medium-term as the price is on the rise after making a Lower Low at the bottom of the 1 year Channel Down. That was the last Resistance to break in a series of bullish break-outs, first the 1D MA50 (blue...
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Hi dear friends, hope you are well and welcome to the new trade setup of Klaytn (KLAY) with US Dollar pair.
On a daily time frame, KLAY has formed a bullish Gartley move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
🔴 KLAYUSDT
TF: 1H
Side: Short
SL: $0.1557
Pattern: Rising Wedge
TP 1: $0.1473
TP 2: $0.1421
TP 3: $0.1379
KLAY has had a great run but is now looking overbought on 1H and 4H time frames.
I am expecting a pullback to support around $0.1379.
Klaytn has been performing very well lately and hit this week the 1D MA200 (orange trend-line) for the first time in almost a month. It appears that its recovery can be fast-forward and the reason is that it hit and rebounded exactly on its long-term Buy Zone (green region on your chart).
Based on the RSI however it may still have a some way before registering a...
