KILT on it's way back to the top?
Updated
It appears that KILT has reached its lowest point and the chart is showing some interesting patterns. A buy wall of 1.6 million KILT tokens emerged around $0.35 due to the news about DELOITTE planning to utilize the blockchain. Additionally, DELOITTE has 90% of the S&P500 as its customers, so one can imagine the amount of DID tokens they will require for all of their customers. The launch is expected to happen soon. We'll have to wait and see how this situation unfolds.
My short-term goal (3-6 months) for KILT is around $2.2, but please remember that this is considered a hidden gem. With the DELOITTE news, KILT has the potential to skyrocket back to its all-time high of $13. The team is continuously working on development, and there is still another major company from the "Big 4" that will announce its utilization of the KILT blockchain.
Think big. Please note that this is not financial advice. Do your own research (DYOR), you know the drill.
For more information on the DELOITTE news, you can check out the Bloomberg site: "Deloitte Finds a Use for the Blockchain With Digital Credentials".
My short-term goal (3-6 months) for KILT is around $2.2, but please remember that this is considered a hidden gem. With the DELOITTE news, KILT has the potential to skyrocket back to its all-time high of $13. The team is continuously working on development, and there is still another major company from the "Big 4" that will announce its utilization of the KILT blockchain.
Think big. Please note that this is not financial advice. Do your own research (DYOR), you know the drill.
For more information on the DELOITTE news, you can check out the Bloomberg site: "Deloitte Finds a Use for the Blockchain With Digital Credentials".
Note
The pattern support held beautifuly. Monthly candle will close soon. The moment of writing, the monthly candle looks to be closing as an engulfing candle. The 4 month downtrends seems to be broken aswell. Volume is picking up and a crazy low monthly RSI. Looks like we are entering "phase D". Bullish overall. Let's see how the monthly candle will close.
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