Hello everyone,
This is not an investment advice, just personal thoughts about cryptocurrency called $KAVA
Downtrend line has been active since 6th of April, and parallel trend channels are closing, major support of Ichimoku is strong, Fibonacci retracement levels are finely tuned, this is a new price discovery break-out, let"s see..
How to interpret this chart?
The major downtrend line is bold line, the major support of up-trend line is green bold one.
Inside this triangle, I was thinking that minor support lines are going to be in that predicted channel for break out pattern. And if we gonna closings above the down red line in 4H period chart, this is going to be approval for price discovery period start!
My first bought was around 4,30 where in its accumulation period, this is the last signal in my honest opinion. I'll add some to my bag from this point, wish you all profitable trades.
The aim is vertical dotted line which goes to 10.89 $ and also Fib. Retracement Leves are showing 1.618 (Golden Ratio) is very close to that area and this going to be resistance level in price discovery chart.
Well, lets see. Time the operator.
This is not an investment advice, just personal thoughts about cryptocurrency called $KAVA
Downtrend line has been active since 6th of April, and parallel trend channels are closing, major support of Ichimoku is strong, Fibonacci retracement levels are finely tuned, this is a new price discovery break-out, let"s see..
How to interpret this chart?
The major downtrend line is bold line, the major support of up-trend line is green bold one.
Inside this triangle, I was thinking that minor support lines are going to be in that predicted channel for break out pattern. And if we gonna closings above the down red line in 4H period chart, this is going to be approval for price discovery period start!
My first bought was around 4,30 where in its accumulation period, this is the last signal in my honest opinion. I'll add some to my bag from this point, wish you all profitable trades.
The aim is vertical dotted line which goes to 10.89 $ and also Fib. Retracement Leves are showing 1.618 (Golden Ratio) is very close to that area and this going to be resistance level in price discovery chart.
Well, lets see. Time the operator.