KLAYUSDT → Transition from bearish to bullish trend

2024年8月20日

$BINANCE:KLAYUSDT is entering the distribution phase after exiting the accumulation. The price is resting at the range boundary, but there are prerequisites indicating a possible continuation of growth



Emphasis on the key level of 0.1600. I like the accumulation formed near the level. The key aspect, to forge a further scenario with the purpose of opening entry, I expect a retest or accumulation under the level, which will mean that the coin is ready to go even higher.
On W1 the coin is still in consolidation and is not going to bottom, on D1 the price is breaking the resistance of the wedge, a pattern capable of reversing trends.

Resistance levels: 0.1600
Support levels: 0.5, 0.7 fibo, 0.1246

Technically, such a rise may be followed by a correction either to the local lows on H1 or to the Fibo zone, but a quick retest will increase the chances of a breakout and growth. But, if the bulls manage to go beyond 0.160 and form a consolidation, the growth may start much earlier.

Rate, share your opinion and questions, let's discuss what's going on with ★ $BINANCE:KLAYUSDT ;)

Regards R. Linda!

2024年8月23日

交易進行

Retest 0.17.
If the price consolidates above this area, we will go upwards

2024年8月24日

交易進行

The realization of accumulation begins!
Going up!