Long
Key - Ready for a 100%+ Move
With a potential upcoming altseason, KEY structurally looks to be an altcoin that can see a 100%+ move. It is only around a 
30M marketcap and is listed on the big exchanges which means liquidity could be readily available to fuel a large pump.
Recently, we broke out of a triangle pennant. We had a few tests of resistance (red circles) and have retested that trendline as a level of new support (green circle). Also, our weekly RSI is trying to hold the median line as support (bottom green arrow). Based on this particular pattern, the breakout target would be around $0.012. This would be a gain of more than a 100% from the current price.
The only thing standing in our way at the current moment is our 0.236 resistance level around $0.00625. A candle close above this fibonnaci level should signal the breakout.
30M marketcap and is listed on the big exchanges which means liquidity could be readily available to fuel a large pump.Recently, we broke out of a triangle pennant. We had a few tests of resistance (red circles) and have retested that trendline as a level of new support (green circle). Also, our weekly RSI is trying to hold the median line as support (bottom green arrow). Based on this particular pattern, the breakout target would be around $0.012. This would be a gain of more than a 100% from the current price.
The only thing standing in our way at the current moment is our 0.236 resistance level around $0.00625. A candle close above this fibonnaci level should signal the breakout.
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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.