MyCryptoParadise

KDA/USDT bullish horizons? πŸ‘€ πŸš€ Kadena Today analysis

Long
BINANCE:KDAUSDT   KDA / TetherUS

πŸ’Ž Paradisers, brace yourselves for a promising venture with KDAUSDT. The asset is currently navigating within a demand zone, signaling a heightened likelihood of a bullish trajectory.

πŸ’Ž A recent development to highlight is its break from a descending trendline, which previously acted as resistance. This upward shift is further accentuated by the transformation of an overhead supply into a demand zone, bolstering bullish sentiments. Given its current position within the demand zone, the odds favor a bullish surge.

πŸ’Ž Should this bullish momentum persist, the initial expectation is a retest of the .561 resistance level. A breach of this threshold could further amplify the chances of challenging a more formidable resistance level above.

πŸ’Ž On the flip side, if the price descends below the current demand zone, there's a probability it might revisit the trendline once again
Trade closed: target reached:
πŸ’Ž Just as predicted, #KDAUSDT up a smooth 43.86%!
Trade closed: target reached:

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