Keyanalysis
KEYUSDT long Spot TradeKEYUSDT Elliott Wave Technical Analysis
Mode: Impulse
Position: Wave (4)
Direction: Wave (4) is still in play
Details: Wave (4) is still in play which I expected to be end around 0.0072-0.0069 which will be my entry point.
Next Direction: Wave (5)
Target : the area between 0.0169-0.0174 with about 130% profit, keep your eyes on the first target around 0.0143, the price may bounce back from this area.
Wave Cancel invalid level: Daily closing below 0.0067 with 7% loss.
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
KEYUSDT long Spot Trade / after the last correctionafter the last correction break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid.
KEYUSDT Elliott Wave Technical Analysis
Mode: Corrective
Position: Wave (c) from (X)
Direction: Wave (c) is still in play
Details: Wave (c) is still in play which I expected to be end around 0.0046-0.0035 which will be my entry point.
Next Direction: next higher Degrees Wave (Y)
Target :
T1: 0.010775 with 160% profits
T2: 0.0143 with 250% profits
Wave Cancel invalid level: Daily closing below 0.002348 with 40% loss.
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
KEY after breaking above the rectangle will go upKEY after breaking above the rectangle will go up
🔵Entry Zone 0.007812
🔴SL 0.006631
🟢TP 0.021899
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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KEY LOOKS BULLISHIt looks like we have an ABC move after the diametric finish (where the G wave ends) and we are now in the B wave. This wave B looks like a triangle, so now we are completing wave d of this triangle.
By maintaining the green range, it can move towards the specified TPs. The safe buy range is the green range, which allows us to have a logical buy/long setup on KEY.
Do not enter the position without capital and leverage management and stop setting. Closing 3 daily candles below the green level will violate the analysis
Key usdtThe fact that the correction level has returned from 0.5 instead of 0.618 indicates that this is not an elliot. It will draw a harmonic pattern for me. Those who already follow know that I am doing harmonic trading. That's why I consider this as it will create a harmonic pattern.
Looking at the old resistances, there are past accumulation zones at 0.886 and 1.13 levels. If we think that the price will break from there, real targets will emerge after an upward movement and a downward turn. Short target levels that may occur until the pattern I have indicated on the chart appears.
NOTE: It is not investment advice.