TradingView
RLinda
Mar 5, 2024 8:34 AM

KAVAUSDT → Readiness to move into the distribution phase  Long

Kava / TetherUSBinance

Description

BINANCE:KAVAUSDT breaks the triangle resistance, which provokes the formation of a strong impulse. But now the price meets the flat resistance at 0.954.



On W1, the coin is starting to come to life, but is still very far away from the overall altcoin market. Trading volumes are growing when the resistance is broken, which indicates that the market is ready to realize the accumulated potential.
On D1 we are interested in the level of 0.954. A correction is possible, but we need to wait for a breakthrough and price consolidation above this area, which will be a confirmation of the market's readiness to go higher.

Support levels: 0.865, 0.694
Resistance levels: 0.954


I expect a final exit of the price from the global downtrend and subsequent growth to 1.28 and 1.55.

BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2

Regards R. Linda!

Comment

Consolidation above the key area :)
Waiting for growth!

Trade active

Breaking through the resistance
Comments
BITMAN21
wrong and lie
risongw
Your target is too low, this will easily hit $5
RLinda
@risongw, To do this, the coin must first overcome 0.96, then 1.26, then 1.57, then 2.34, and so on.
And each of these areas will be resisted.

So the $5 target is very far away
MyCryptoParadise_Nathan
Thank you for sharing your analysis.
fastprofittrader
Interesting coin. Will look at it.
Robert76583477
CUP with HOLDER UP UP UP
RLinda
@Robert76583477, hmm, maybe
Awudu1844
The Empress in TA. Salute.
seris12
hey @RLinda may i know which range is a good range to add an SL if my entry atm is at 0.9602. low lev.
More