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PolarHusk
Sep 19, 2020 4:45 PM

KAVA/BTC (Sign of Selling Weakness?) 

Kava / BitcoinBinance

Description

BINANCE: KAVABTC


-KAVA has confirmed a double bottom of the support
-After confirming the previous support area at 20k sat
-We can also see the price is respecting the trendline resistance
-Until this trendline is valid, the price may still go lower
-But since it has failed to make another Lower Low
-The selling pressure started to fade and the Bulls may enter soon
-Entering at support retest is aggressive but the reward is huge
-But I always recommend buying the breakout confirmation
-With stop loss below the green support line





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Comments
Dave-FX-Hunter
Started to move your direction nicely. thank you
PolarHusk
@DaweFXHunter, you are welcome! :)
ProjectSyndicate
ok this is great, nice work, keep it up!
PolarHusk
@ProjectSyndicate, thanks man!
TopgOptions
Very nice work. Thank you for sharing!
PolarHusk
@avacamir, thanks!
KaltoireCapital
Good idea. Thank you!
PolarHusk
@SynergyCapital, welcome! :)
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