jariii

KLV/USDT breakout of descending wedge

Long
jariii Updated   
KUCOIN:KLVUSDT   Klever / Tether
KLV looks like it potentially just broke out of this descending and tightening wedge. If the breakout gets a follow up pump, I expect it to hit around $0.08. That's still a good 77% pump from the current price. After this I expect it to drop back down and probably make a lower low, so definitely take profit when you can.
Comment:
Sorry, $0.008 I meant 😅
Trade active:
My God this is a slow reversal, but a reversal nonetheless. It completely broke out of the descending channel and is slowly but surely climbing above the moving averages and looks ready to pump. I still have the same target of 0.008, although if Bitcoin recovers to 30k or something crazy, it could go much higher.
Trade active:
Here we go, we are breaking out!
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.