KAVA Analysis Q3 2020 -Q3 2021 Public

Kava / US Dollar (calculated by TradingView) (BINANCE:KAVAUSD)

BINANCE:KAVAUSD Kava / US Dollar (calculated by TradingView)

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$KAVA is looking solid right now - crossing blue resistance line will turn it to Major Bullish Sentiment as it was previous the strongest Support line. It completed a IH&S cycle for about 135days and if it continues to replicate the same pattern for the coming 135days minimum we can lead to $10 target. we have to see how it plays out for the coming weeks as it might either have another leg up or if BTC decides to dump in the coming weeks towards August 2020 it will affect current TA as well. Accumulating Entry Point would be from Max $2. Ideally would be $1 or less.

Comments

seems very hard and long before Kava could cross a blue line? any suggestions please? thanks.

Reply

michaelnguyen629

@michaelnguyen629, if you are a swing trader there's profit-taking to be made during its HTF consolidation. Although I'm not sure what you mean by long and hard as the potential RoI would be more than 500% in about 4-5 months if the trendlines are not broken and invalidated. At the time of writing it is still valid so far and the fundamental outcome is something that you have to look out in order to see a change of KAVA's market sentiment. Also if it keeps maintaining above the middle band trend line (Upper Red Trendline) price momentum will change and you might get what you wish for. Good Luck!