Klaytn-Chart of the day

Klaytn- Chart of the day

Klaytn is an open-source public blockchain designed for tomorrow's on-chain world.

Klaytn Architecture-

Klaytn blockchain network is a combination of multiple peer-to-peer sub-networks composed of Klaytn nodes transmitting transactions and blocking data to execute value transfers and to execute smart contracts.

Klaytn uses an optimized version of Istanbul BFT, which implements PBFT with modifications to deal with the blockchain network's characteristics.

Klaytn Main features-

Transaction per second - 4000

Block generation and confirmation time - 1 second

Low gas price that is almost 1/10 of Ethereum

Ichimoku Analysis  (4 hour chart)

Tenken-Sen- $0.2252

Kijun-Sen- $0.2219

KLAYUSD was one of the best performers today.

Any daily close above $0.280 confirms further bullishness.

KLAYUSD  jumped more than 72% in the past one week. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.2645 and is currently trading around $0.2358.

The bullish invalidation can happen if the pair closes below $0.10. On the lower side, the near-term support is $0.150. Any break below targets $0.10. Significant downtrend if it breaks $0.080.

 The immediate resistance stands at around $0.280. Any breach above confirms bullish continuation. A jump to $0.35/$0.40  is possible. A surge past $0.380 will take it to $0.50.

It is good to buy on dips around $0.18 with SL around $0.10 for TP of $0.375.