Kadena (KDA)

On the above 5-day chart price action has corrected 96% since the sell signal (not shown). Now is a good opportunity to go long. Why?

1) A strong buy signal prints. (not shown).

2) Price action resistance breakout (USD and BTC pairs).

3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over an 80 day period.

4) Price action finds multiple weeks of support on the Fibonacci 0.236, since the start of the year.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <= 6%
Timeframe: Don’t know.
Return: 60x

Trade active:

Dear Ps, this is a very active long position.

Comment:

Stochastic RSI up 20, Look left.

Trade active:

Nothing has really changed from the published idea, look for a cycle top around $50-60

Comment:

See a print at or above 2.10? Then it off to $8 rather quickly.