It is likely that the correction low is in based on multiple signals:
➖ KMDBTC found support below 0.786 Fib. retracement after peaking 20-Dec.
➖ On the drop, EMA300 and EMA200 were tested as support.
➖ KMDBTC has been trading above these long-term moving averages for more than a month now.
➖ The May 2023 support range matches the 0.786 Fib. retracement as well as the moving averages as support. The fact that we have a bounce at this level is a strong bullish signal.
➖ Additionally, the RSI is bullish.
👉 Easy 185% potential on the next jump.
Much more possible long-term.
Namaste.
➖ KMDBTC found support below 0.786 Fib. retracement after peaking 20-Dec.
➖ On the drop, EMA300 and EMA200 were tested as support.
➖ KMDBTC has been trading above these long-term moving averages for more than a month now.
➖ The May 2023 support range matches the 0.786 Fib. retracement as well as the moving averages as support. The fact that we have a bounce at this level is a strong bullish signal.
➖ Additionally, the RSI is bullish.
👉 Easy 185% potential on the next jump.
Much more possible long-term.
Namaste.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.