KEEPUSD appears to be trading in a symmetrical triangle on the daily. A breakout from a symmetrical triangle would be grounds for a significant move in either direction. With the current state of the crypto market it is my belief that this pattern will break out upward. KEEPUSD recently tested the daily EMA 20 for support, if it happens to lose ground this EMA will act as strong support. I would expect this pattern to continue for the next few days to a week. More than likely funding will shift towards KEEPUSD as BTC loses steam and retests lower supports. Fib retrace is included to give take profit ideas with max indicated in red area of retrace scale. Potential stop loss would be a clear break of the 0.62 area. Blue lines indicate current channel. Red line indicates major overhead resistance. Thick red line indicates EMA 20. This is not financial advice, trade wisely and use your own due diligence.
评论:
Congratulations of those who held, looks like a breakout happened. I think there's more room for movement but it will take time.