KAVA has moved fairly modestly until today. Now the attitude may be changing. If this remains as the daily candle this is the strongest green candle since ... well, a long time. The best place for entry may be after the resistance has been successfully taken over and retested.
Now the Cup is full and the Handle is solid. Volume is high, KAVA is ready.
@crazyice1991 Thank you for your positive comment. I took a look at BAKE. It is a new coin that made an unreal impulse before the pair BAKEBUSD was introduced to Binance. Before that there was BAKEBNB pair from which can be inferred that BAKE made almost a 250x run (in USD) in six weeks peaking exactly on 19 Feb when BAKEBUSD-pair started. Since that day BAKE has been correcting but so far only to the .236 fib-level (calculated from the BNB-pair). Personally I would not dare to buy such an overpumped coin before it has made a decent correction. There is not enough history to analyze the indicators for the near term or the long term. Short term view is anyway bearish. Cheers Whoop.
PS. Sorry I missed that BAKE-run completely. Hope you didn’t.
BelowZero
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Looks very promising.
Great pattern catch (plus other several confirmations).
Thanks a lot for the tip.
You have a GREAT set-up. I was just wondering if that red staircase like line is a short term EMA?
WhooperSwan
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@BelowZero Thanks for your positive feedback! That is MA10, others MA20, MA50, MA100, MA200, EMA200 and EMA300. I have been following (and hodling) this for quite some time wondering about its lazyness. Lets see if the action starts.
BelowZero
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@WhooperSwan, Thanks for the feedback, great to know (for sure) it is an MA 10.
Great work, by the way. Very impressive chart.
Looks like your hodling is about to pay out.
This thing takes the right amount of patience: Too much patience and you could dive nose deep within the next crash, too little patience and you will miss big time on potential rewards....
I guess the best way to fine tune the right amount of patience needed for each long term hodl is through endless hours of experience checking TA....and a solid risk management system :)
WhooperSwan
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@BelowZero You are absolutely right mate, we dont have all that time nor the patience needed. Lets keep on trying anyway 🤑