KAVA Token target buy/sell prices and possible trendlines
The recent, larger sell-off on large cap crypto catalyzed by news events influences sell-offs on smaller cryptocurrencies, including the Cosmos network DeFi derivative, KAVA. The appeal KAVA holds to me personally is its high yield API (20% annually, distributed twice a week). This combined with its beautifully abundant swings and dedicated long term staked investors makes for plenty of profitable opportunities.
With a red line I highlight what I perceive as the recent bear trend (which more or less is a bear cliff as of the ATH which was defined in September, 2021 as 9.218). This sell-off was met with resistance a few days ago at the support price of 3.081, and one of the more large scale bull trend (Bull Trend 1, in blue). A break above this short term bear trend may validate my designated bull trend, implying a continuation of KAVA's macro bullish directionality with the possibility of another eventual retest of the ATH. A break below the bull trend, and continuation of the bear trend may be met with demand with another candidate bull trend which I have marked with a green line on the chart (Bull Trend 2).
In either case, at the moment, I plan to hold and continue purchasing KAVA, picking more up at my designated supply/demand prices, and taking profit at my designated supply/resistance price targets.
My buy targets for KAVA are:
$3.081
$2.109
$1.123
Sell targets are:
$5.534
$8.157
$9.218
The price targets and trends I provide are my own anecdotal opinions and I observe them making room for error.
With a red line I highlight what I perceive as the recent bear trend (which more or less is a bear cliff as of the ATH which was defined in September, 2021 as 9.218). This sell-off was met with resistance a few days ago at the support price of 3.081, and one of the more large scale bull trend (Bull Trend 1, in blue). A break above this short term bear trend may validate my designated bull trend, implying a continuation of KAVA's macro bullish directionality with the possibility of another eventual retest of the ATH. A break below the bull trend, and continuation of the bear trend may be met with demand with another candidate bull trend which I have marked with a green line on the chart (Bull Trend 2).
In either case, at the moment, I plan to hold and continue purchasing KAVA, picking more up at my designated supply/demand prices, and taking profit at my designated supply/resistance price targets.
My buy targets for KAVA are:
$3.081
$2.109
$1.123
Sell targets are:
$5.534
$8.157
$9.218
The price targets and trends I provide are my own anecdotal opinions and I observe them making room for error.
The SKIE Team.