KEY - 12/07/2020: Nearing the End of Consolidation? Merry X-Mas?
Updated
Looking at our new weekly candle on KEY, we see... more of the same?!
Indeed - prices seem to be clearly consolidating in a parallel wedge, further confirmed by the declining overall volume.
If you have read any of my other ideas, you'll likely know wedges are my favourite formation as they quite often point to incoming price movement and you can get very clear confirmation one way or the other as to where you're going.
Indicators are still looking good for a breakout at some point in the near future, might be closer than I originally thought with our current consolidation having a few weeks left before we have to have movement one way or the other.
Interestingly, we're getting closer and closer to a full buy signal on the TD9 Sequential indicator. This would be confirmed Approximately 3 weeks from today; right between Christmas and the end of the year. This falls within the tip of the wedge! Not a perfect place for a breakout but what is perfect really? Point is: the last time we had a full TD9 buy signal was good times.
I know this chart is a grind... I don't enjoy waiting any more than any one else! But we all know this is a winner in the making. History repeats itself and it will soon again.
This isn't financial advice! See y'all on the next KEY update once we get another weekly candle, until then be safe.
Indeed - prices seem to be clearly consolidating in a parallel wedge, further confirmed by the declining overall volume.
If you have read any of my other ideas, you'll likely know wedges are my favourite formation as they quite often point to incoming price movement and you can get very clear confirmation one way or the other as to where you're going.
Indicators are still looking good for a breakout at some point in the near future, might be closer than I originally thought with our current consolidation having a few weeks left before we have to have movement one way or the other.
Interestingly, we're getting closer and closer to a full buy signal on the TD9 Sequential indicator. This would be confirmed Approximately 3 weeks from today; right between Christmas and the end of the year. This falls within the tip of the wedge! Not a perfect place for a breakout but what is perfect really? Point is: the last time we had a full TD9 buy signal was good times.
I know this chart is a grind... I don't enjoy waiting any more than any one else! But we all know this is a winner in the making. History repeats itself and it will soon again.
This isn't financial advice! See y'all on the next KEY update once we get another weekly candle, until then be safe.
Note
NOTE: A full TD9 is generally a sell signal.. but we see here a slow incline, same as last time. With the last step of the previous TD 9 not falling below the previous level close. These are signs of growing strength and can be considered a buy signal rather than sell.Note
UPDATE OUT NOW: 
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t.me/KadnimCrypto
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