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