Kadena Ranging based on Resistance and support Bands
KDA looks like its ranging between 5.75 and 7.50 ish range.
Noticed a double top, but support has lots of buying pressure at 5.75 ish
Unsure what would happen next, but it seems like itll range until a catalyst steps in ?
Ranging, not Trending\
Chart looks oddly similar on the 1h and 4h.
1 day chart looks like lower highs and lower lows on the wicks, but the candles seem to be engulf each other, with trend breaking mid sell candle... not sure what this means.
RSI is over 60 on the 1 day, but not on 1h/4h.
Noticed a double top, but support has lots of buying pressure at 5.75 ish
Unsure what would happen next, but it seems like itll range until a catalyst steps in ?
Ranging, not Trending\
Chart looks oddly similar on the 1h and 4h.
1 day chart looks like lower highs and lower lows on the wicks, but the candles seem to be engulf each other, with trend breaking mid sell candle... not sure what this means.
RSI is over 60 on the 1 day, but not on 1h/4h.