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KAVAUSD H8: 50% Best Level to SHORT IT XABCD setup (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: KAVAUSD 8hour chart review ::: not a great looking chart ::: price/ RSI div very clear on H8 TF ::: speculative XABCD BEARS setup ::: short from overhead ::: DO NOT short at market now ::: higher risk setup: BUY at MARKET ::: and BULLS exit at 6.50 USD later ::: point D TP BULLS / reversal level ::: BEARS get ready to SHORT from overhead ::: expecting correction/pullback mode ::: previously maxed out and ::: also rejected from MIRROR S/R level ::: STAGE2 DUMP pending soon ::: weak bounce possible from here ::: STAGE2 DUMP up to 50% LOSSES ::: PT BEARS is 2.40-2.50 USD ::: BE CAREFUL and don't get caught in this ::: market not ready for recovery yet ::: correction MODE to extend into JUNE 2021 ::: similar setup in other alt coins so be careful ::: also overextended right now ::: good luck traders! 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS/point D/reversal ::: Sentiment short-term: BEARS/CORRECTION MODE
RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
1 Day chart looks like it could form an inverse head and shoulder to me :) got some great volume on the day too and a fakeout breakdown on the rsi
ProjectSyndicate
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@hembreejarod, yeah. correct. short-term more upside/gains possible.
hembreejarod
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@ProjectSyndicate, Gotta see if rsi makes a higher high with some volume backing it and I'd be happy. Been long @3.61 from about 6 months ago. Waiting for basic coinbase to list it as a product, not enough people trade on Kraken etc
ProjectSyndicate
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supplementary to above. primary setup in BTCUSD was also updated.
BTCUSD D1: May hit 25 000 in complex correction(SL/TP)(UPDATED)