Long
SELFKEY - Trend Reversal? (Elliott Wave)
Looking at a possible trend reversal for KEY. We've got a clean impulse wave up with a well defined sub-division for Wave 1. The 1st sub-wave of Wave 3 is currently and the next target is the 3rd sub-wave of Wave 3.
Entry - 160-165 Satoshi or enter on the breakout of the resistance line.
Target (Short term - sub-wave 3 of Wave 3) - 224
STOP LOSS - 145
Entry - 160-165 Satoshi or enter on the breakout of the resistance line.
Target (Short term - sub-wave 3 of Wave 3) - 224
STOP LOSS - 145
Note
Another deep retracement for Wave 2 which eventually bounced off the support line.UPDATED Sub-Wave 3 Target: 205
I'll be bearish on KEY if we fail to break on the upside. I've also got a Bearish view on KEY:
Trade closed: stop reached
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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.