KEYBTC, 1D, Descending triangle in play?
Updated
Looks like a descending triangle might be in play for KEYBTC.
It has broken down from the longterm downtrend channel and seems to be forming a descending triangle.
Now, I wonder whether it will touch the descending resistance line beetween 48/50 one more time in the coming week.
A break of the black support line at 43/42 could bring it further down.
Target of the triangle would be somewhere around the yellow circle at 25/30.
This is no financial advice and just for your entertainment.
It has broken down from the longterm downtrend channel and seems to be forming a descending triangle.
Now, I wonder whether it will touch the descending resistance line beetween 48/50 one more time in the coming week.
A break of the black support line at 43/42 could bring it further down.
Target of the triangle would be somewhere around the yellow circle at 25/30.
This is no financial advice and just for your entertainment.
Note
New idea for KEY:
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