Welcome to this update on KEEP/USDT:
KEEP is at a decisive moment right now. From this point, it can move in any direction.
Here are some important key levels we have to pay attention to:
1. KEEP is currently at the 100 MA and a break down below this MA will drop the price up to $0.6635 almost 17% or even further.
2. The RSI indicates a further drop cause it is yet to reach the oversold level.
3. The 21 MA (Blue) and the 100 MA (White) is forming a bearish crossover but until and unless it makes a cross we cannot confirm it.
4. A bounce on the other hand will push the price back to the resistance level that is $1.213.
How to find out a short or long opportunity?
Long: From the current level, KEEP is 50% down from the resistance level. If KEEP bounces back and breaks above the 21 MA then we can take a long entry on KEEP with an SL right below the 100 MA.
Short: KEEP is 33% away from the support 2 levels. If KEEP breaks down below the 100 MA and the bearish crossover happens then we can take short entries on KEEP.
I am neutral at the moment as I am not holding any position on KEEP. But I happen to see any confirmation then I will surely enter.
I hope this information is valuable. Do like and share your views on KEEP.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
KEEP is at a decisive moment right now. From this point, it can move in any direction.
Here are some important key levels we have to pay attention to:
1. KEEP is currently at the 100 MA and a break down below this MA will drop the price up to $0.6635 almost 17% or even further.
2. The RSI indicates a further drop cause it is yet to reach the oversold level.
3. The 21 MA (Blue) and the 100 MA (White) is forming a bearish crossover but until and unless it makes a cross we cannot confirm it.
4. A bounce on the other hand will push the price back to the resistance level that is $1.213.
How to find out a short or long opportunity?
Long: From the current level, KEEP is 50% down from the resistance level. If KEEP bounces back and breaks above the 21 MA then we can take a long entry on KEEP with an SL right below the 100 MA.
Short: KEEP is 33% away from the support 2 levels. If KEEP breaks down below the 100 MA and the bearish crossover happens then we can take short entries on KEEP.
I am neutral at the moment as I am not holding any position on KEEP. But I happen to see any confirmation then I will surely enter.
I hope this information is valuable. Do like and share your views on KEEP.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
