Price has broken the downtrend lines and we saw an increase in buy volume. Currently, price is correcting again in a minor wave; we need the horizontal supportive line to hold the price for the uptrend wave to be confirmed. There is a long uptrend line that price will probably react to it in the future-if price could reach it :)
Note
Kryll charts looks promising. The previous patterns, a downtrend channel followed by a downtrend line and then price breaks upward, is repeated but in a bigger scale. So, the rise could unfold in bigger scale too. Let's see what happens.
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Kryll is still going up.
Trade active
So, After KRL went up and completed wave 1 or A, then correction started and KRL went down. Now, it seems correction wave 2 or B is finished and KRL has already started the next upward wave. Let's see how high KRL can go.
Note
So, it seems KRL correction is finished and unfolded in a classical a-b-c pattern. Let's see how high KRL can go in the next upward wave.
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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.