2021-09-06 06:44:56

Klaytn price analysis: KLAY/USD to hit $1.75 before midnight

TL; DR Breakdown KLAY/USD price seems to be stretching towards the upper band of the Bollinger indicator, suggesting a possible bull run.On the five-day Klaytn price analysis chart, KLAY/USD has been in a moderate trend for most of the time.The green dominance on the heatmap is an indication that the market is bullish.  Klaytn price analysis: General price overview On the five-day price analysis chart, KLAY/USD has been in a moderate trend for most of the time. Both buyers and sellers were controlling the KLAY/USD market hence the moderate trend. The short-term Moving Average crossed over the long-term MA, meaning that the bulls have more strength than the sellers. Yesterday KLAY/USD traded positively as the chart was in its final trading hours, sending the prices to the intraday high of $1.6. Today bears had consolidated much strength, they stormed the market as soon as it started making KLAY/USD price dip, triggering an inverted triangle price pattern. The bulls got support at $1.56, sending prices upwards to the highest of the day at $1.65. The bears came in again, intending to reverse the bull trend. Sellers created strong resistance at the intraday high, cutting short the bull trend and began a downtrend. The bears pulled down the KLAY/USD price to the lowest of the day at $1.62. The Bollinger bands are very narrow, suggesting that few activities are taking place in the market hence the low volatility. Also, the KLAY/USD...

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