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DrDovetail

2 bullish targets for kava in the short to medium term

Kava (KRAKEN:KAVAUSD)  
DrDovetail Updated   
KRAKEN:KAVAUSD   Kava
Trend Analysis Chart Patterns Parallel Channel kavausd kava Bullish Flag 1daychart
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trendanalysis chartpattern parallelchannel kavausd kava bullishflag 1daychart
A bull flag and also an inverse Bart from a bear flag. Price action may find resistance temporarily at the 200 ma(in blue), but if so watch for the 50 ma (in orange) to maintain support to increase probability that price will overcome the 200ma and continue towards the breakout targets. *not financial advice*
Comment:
Kava has been batted down by the resistance of the daily 200ma(in blue). I’m still confident for now that it will reach its targets but it is certainly taking the scenic route.
Comment:
One thing prolonging it from hitting its targets at the moment could be the restricting of staking for US platforms that has happened recently.
Comment:
1st target was finally hit on May 23rd. Sometimes it can take this long.
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