After such a strong move of course comes the correction... Now we have KEYBTC starting to bounce after it found support.
Where was this support found?
Exactly at MA200 (black line).
- KEYBTC is now trading above EMA10/50/100.
- The next target is sitting at 28 satoshis or EMA200.
Anyways, above the blue dashed line, we get a close.
Below this line, we remain but prices can consolidate or move lower before going up.
There is also the possibility of another drop, there is still no . If comes in then this move is very likely to be confirmed, but with no , it can quickly reverse.
On a drop, nothing happens... The overall view is as long as the last low (red dashed line) remains. Even if prices move lower and the uptrend is broken, there will be a strong bounce and a new one will form.
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