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Stoic-Trader

KAVA - Biased to the downside

Kava / TetherUS (BINANCE:KAVAUSDT)  
Stoic-Trader  
BINANCE:KAVAUSDT   Kava / TetherUS
Trend Analysis Chart Patterns Elliott Wave
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trendanalysis chartpattern elliottwaves

I now have a primary bearish count for KAVA, since price action is compatible with an expanded flat (black ABC).

We have 2 major channel boundaries (gray zones), and a mid-channel resistance (green zone).

A break of the channel support could lead us to new lower lows. Just be mindful of false breaks (I´d wait for a break / retest before shorting).
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