KAVA is doing great and it breaks the current formation at ~1.75 EUR. The coin is worth holding for a while to see what it could do but the minimum resistance I see is 2 EUR.
The pattern looks like big Falling wedge and after retrace I will look for trade opportunity. For just holders good to keep the coins and watch how it behaves.
Good luck with trading!
Don't forget to evaluate your risk and SLs (manual or automatic).
The pattern looks like big Falling wedge and after retrace I will look for trade opportunity. For just holders good to keep the coins and watch how it behaves.
Good luck with trading!
Don't forget to evaluate your risk and SLs (manual or automatic).
Comment:
I am still watching this market and with recent BTC move I don't really see a good trade momentum. So better wait for market to show its strength.
Comment:
KAVA is on its main trendline but BTC is about to correct. Good R2R to catch a falling wick below trendline.
I know, I know..It looks ugly but ugly often is has good R2R!
I know, I know..It looks ugly but ugly often is has good R2R!
Comment:
KAVA approaches good point for entry long.
1.2 EUR confirmed and it is ready to bounce.
1.2 EUR confirmed and it is ready to bounce.
Comment:
KAVA exit the channel visible on 4hr chart and is now approaching the first big test around ~1.5 EUR.
As I said earlier 1.2 EUR was confirmed as good entry zone and now the market made higher low, which will eventually lead to higher high.
I personally will exit 50% around 1.5 EUR and wait for retrace. Let's hope to see this price.
SLs should be placed below 1.21 EUR.
Good luck
As I said earlier 1.2 EUR was confirmed as good entry zone and now the market made higher low, which will eventually lead to higher high.
I personally will exit 50% around 1.5 EUR and wait for retrace. Let's hope to see this price.
SLs should be placed below 1.21 EUR.
Good luck
Trade closed: stop reached:
My SL was hit. So we better wait for next opportunity.
Now the next logical step is to wait for a bit of retracement around 2 EUR.