✴️ Klaytn, Signs Bearish Exhaustion = 1,000% (Name Your Altcoin)

20 oct. 2023

We are going to be using the volume indicator in two different ways here...

First, mid-term.

October 2022 KLAYUSDT hits a major low and starts a bullish wave. This is supported by high volume.

A correction follows which is normal.

In September 2023 KLAYUSDT hits a lower low with trading volume being much lower compared to October.

Notice that the high volume in October is green/bullish rather than red/bearish.
Yet, in September volume is lower overall as a new low is hit signaling that the bears are losing strength.

Second, short-term.

Now we are seeing an increase in green/buy volume.
This is happening after the late September low. This indicates that bulls are starting to jump in (highest buying power daily since April 2023).

KLAYUSDT needs to move above 0.1200 which is the October 2022 for us to consider the bullish potential. Don't get me wrong, we already have early signals of a reversal showing up but this level is most important if we want to be 100% sure.

Other than this, strongly bullish above 0.1050 in the long-term.
Any trading above this level and expect a major bullish wave (bearish below).

Potential for the next bullish wave goes to 1,000%.
Additional details on the chart.

Namaste.

27 janv. 2024

Note

The first bullish jump produced 132% but so much more is possible long-term.


Patience is key!