Kadena (KDA)

SaeedSalehinia Updated   
KUCOIN:KDAUSDT   Kadena / Tether
Kadena once became so popular that its price exploded upward. After that, not surprisingly, KDA entered a corrective wave, a long one. It seems the corrective wave have rested at 0.786 Fibonacci level and is consolidating in a rectangle shaped pattern. Also, an A-B-C pattern might unfold; if true and C=A, this means price sharp upward move could be experienced again. Let's see what happens.

So KDA downtrend is unfolding in a descending channel. First, we have to see price break this channel upward.

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