✳️ Klaytn Bottom Pattern (200% Potential Mapped)This signal here, from November 2023 through January 2024, exactly two months, is a bottom pattern... Let me explain.
KLAYBTC is coming out of a major downtrend, which is here mapped with a red descending channel.
The downtrend ends abruptly with a low in November that is followed by a strong bullish breakout. This bullish break is quickly erased, almost 100% the following month but, the end result is a higher low.
The fact that KLAYBTC bears failed to produce a lower low and the fact that the pattern has low volume tells us that the bottom is in.
The bottom can be the November 2022 low, it is so far and once we hit bottom, there is no other place left to go but up.
A change of trend can translate into months, sometimes even years of higher highs and higher lows.
Feel free to define your own levels and targets, this is shared for learning and timing.
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