KLAY price is currently exhibiting a bullish cycle within a descending channel, suggesting a potential breakout.
Recently, KLAY experienced a significant overnight increase of 17%, forming a bullish engulfing candle.
The price successfully reclaimed the 200-day EMA, indicating strengthening momentum.
KLAY is currently testing the overhead resistance trendline; a...
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...
Klaytn / KLAYUSD is testing today the 1day MA50 for the 4th time in a week as well as the 1day MA50.
Trading inside a Channel Down pattern, this test is happening after the price rebounded at the bottom of the pattern.
If it closes over the Falling Resistance, buy and target 0.13500 (1day MA100).
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KLAYUSD is consolidating after a strong February drop, in preparation for one last drop at the bottom of the Channel Up.
The same pattern is seen in mid November-December.
Trading Plan:
1. Buy if the price breaks under the short term Channel and near the bottom of the long term Channel Up or if it breaks above the short term Channel first.
Targets:
1. 0.41500 in...
KLAY is contained inside the MA50 and MA200 (1d). This is the first time that former Resistance (MA200) is tested as Support.
The main pattern is a Channel Up with limited downside from the current price level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.4000 (+8.75% from previous High).
Tips:
1. The RSI (1d) is bottoming on Lower Lows, as...
Hi Guys, BINANCE:KLAYUSDT looking so good and i have more supportive reasons why open long position.
1) broken two (Yellow) trend lines on daily chart
2) Forming cup and handle on 4H
3) as we know target of cup and handle is deep of cup on the neckline and if we add this deep on upper side of cup we get exact point where big resistance crossing, as well...
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Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like...
Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like...
Klaytn Coin has been operating in a descending channel formation; however, the price has become relatively stable with decreased volatility. Does this mean the onset of bullish momentum?
