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KLAYUSDT Perpetual Contract

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KLAYUSDT.P trade ideas

KLAY Price Resting Before Any Big MoveKLAY price is seeing a bullish momentum on the weekly chart. On coming to the daily time frame the coin is seeing a resistance on the bullish move.In contrast, while going upside the coin can face resistance at $3.5. Meanwhile on the downside a bounceback can be seen from $1.9. It is trading below 50 and above 100 Moving Average. The 50MA (RED) line is at $2.8, making it temporary resistance for the price. On the daily time frame , the coin has formed a parallel channel. If the price makes a jump 10% above the channel, it can rise to $5. One can expect the same gains and momentum from KLAY/BTC pair.
by tcr_thecoinrepublic
KLAY/USDT is in correction (for now)Hi every one KLAYTN / TETHER KLAY/USDT is doing an impressive move! If we Deploy the Elliot wave principle, we can understand that the five impulse waves has been completed and the price is now in correction. the first correction wave (A) is completed and the second and third expected correction waves can happen like the picture shown in chart. There are also divergences on both MACD and RSI which strenghten the formation of the second correction wave and after finishing the correction the continuation of the bullish trend. (as you might know after finishing all of the Elliot waves the trend can easily continue weather It's bullish or bearish.) Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
16
KLAYUSDT Breakout Upward or Downward? 🔍Hello Traders. I hope you are having a fantastic day. Today I want to talk about KLAY. Well in 4H timeframe, you can see the same pattern happening 2 times before and both times, KLAY has broken the descending channel upward and has gone up nicely. But what will happen this time? At this point, I cannot tell for sure what is going to happen. Because when I look at Ichimoku Cloud in 4H timeframe, KLAY has broken the Ichimoku support downward and it can be a negative sign and also as yellow arrows show, the bullish momentum has kinda gotten weak. But at the same time, at Daily timeframe, it has a strong support around 2.5$ which is the Ichimoku`s support plus the static support. So I am not sure what is going to happen exactly. So let`s wait and see what way price is going to. - If it breaks upward then you can open a long position. - If it breaks downward then you can open a short position. I will keep you guys updated on both scenarios and what position to open. So don`t forget to follow me. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis. Thank you guys for reading my idea on KLAY and don`t forget to comment what you think. ✌
by Existansilon