KDA/USDT – 10x Setup Loading 🔍 1. Elliott Wave Theory – Wave Confluence
From the chart:
We can clearly observe a complex corrective pattern forming a WXYXZ or triple three structure.
The wave labels (A, B, C in red/blue) suggest that the market may have completed a macro correction.
The current price action is showing a potential start of an impulsive wave, marking the beginning of Wave 1 of a new bullish cycle 📈.
🧩 Key Confluences:
Final leg (C wave) seems to have ended with a falling wedge pattern, a classic reversal signal.
Bullish divergence likely present on momentum indicators (not shown but inferred), supporting wave completion.
💹 2. Price Action Analysis
Price action is forming a base structure around $0.32 - $0.34 with:
Multiple retests of the demand zone (highlighted around $0.3214 and $0.3439).
A strong bullish engulfing candle near the low, suggesting institutional accumulation.
Current price ($0.3704) has already broken out of a descending wedge pattern (D wave to E), which often precedes explosive moves.
📌 Short-Term Structure:
Breakout above minor resistance at $0.41 would confirm a bullish reversal pattern.
Targets based on historical PA zones are set at $1.14, $1.24, $2.48, and $3.51 📍.
📐 3. Fibonacci Retracement & Extension
Let’s bring in some Fibonacci magic ✨:
If we take the high of Wave (B) and the low of Wave (C), potential retracement levels align with:
0.618 Fib at ~$1.14 ✅
1.0 Fib at ~$2.48 ✅
1.618 Fib at ~$3.51✅
These Fibonacci levels align beautifully with price structure resistance zones, showing confluence between fibs and market structure.
📊 Fibonacci Extension Target:
A minimum 5x-10x move is projected from current price, which takes us close to $3.50+, aligning with the major 1.618 extension.
🧠 4. Smart Money Concept (SMC)
Let’s talk about what the "big money" might be doing 🧠💰:
✅ Accumulation Phase Identified:
Price is ranging after a prolonged markdown.
Liquidity sweeps below previous lows suggest smart money engineered a bear trap to fill orders.
Break of structure (BoS) pending above $0.41, which would confirm smart money shift from accumulation to mark-up phase.
🎯 Ideal Smart Money Entry: Sub-$0.40 range.
📈 Next Liquidity Target: $1.24 (equal highs formed during mid-2024).
🌐 5. Fundamentals of Kadena (KDA)
Kadena is a layer-1 blockchain featuring a hybrid PoW (proof-of-work) model with scalability via Chainweb.
📌 Bullish Fundamentals:
Scalability: Can process 480k+ TPS across multiple chains.
Security: PoW-based, making it more secure than many PoS chains.
Smart Contracts: Uses Pact, a readable and secure smart contract language.
Ecosystem Expansion: Increasing DeFi, NFT, and DAO involvement.
Recent Funding: If there's been recent VC or foundation investment (check latest news), it would support a bull case.
🚀 Catalysts to Watch:
New partnerships or major DApps launching.
Exchange listings or ecosystem grants.
Rising sentiment in broader altcoin market.
📈 Final Thoughts & Outlook
🔥 Technical + SMC + Fundamentals are aligning for a potential major move.
🧭 Strategic Outlook:
🎯 Buy Zone: $0.32 - $0.38 (Accumulation Range)
🚨 Breakout Confirmation: Above $0.41
🚀 Targets:
$1.14 ✅ (0.618 Fib + structure)
$2.48 ✅ (1.0 Fib + structure)
$3.51 ✅ (1.618 Fib + macro resistance)
"The bigger the base, the higher the space" — and Kadena seems to be building a strong one 👷♂️🧱
⚠️ DISCLAIMER: This is for educational purposes only. Not financial advice. Always do your own research (DYOR) and manage risk appropriately. Crypto is volatile 🔥.
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