Looks like a classic "W" pattern. BTC has been extremely volatile and alt's have been bipolar. We should potentially see a rise to $10.00!! Stay locked and loaded my friends!
After its rise from October to the end of Novembre we've seen a more than steady decline in the price of the Kadena. As we're approaching the $6.5 level we're reaching a crucial level of support. If we fail to hold this then I only see further downside. On the upside we could see an easy 2X if we hold the support. Wait for confirmation and then this could be...
according to an Elliot wave; - KDA could have a leg up to the first target area (orange arrow) which is between the 0.5 & 0.618 fib levels of the Elliot wave A length - or KDA could retrace to the black line which is the 1.618 fib level of the wave A and then bounce up - also there is a bullish TK cross - 2nd target area is the top of the ichimoku cloud which...
- double bottom - could range for a few hours then break out towards the top of the ichimoku cloud - there is a bearish TK cross & a large gap between the conversion line and base line, but these 2 bearish indications could be invalid and cancel out due to the drop that has already happened. - i believe KDA should recover in the next few hours
- bullish TK cross - target for breakout is the top of the ichimoki cloud as there has been multiple candle closes in the cloud - above EMA 9,21 & 50 - above MA 9,21 & 50 - there is a double top though, which could force KDA down slightly
This looks like a double bottom on 1D, 3D, W fo KDA/USDT pair.
- double top on the 15m chart - i dont think KDA will drop that much as there are no other bearish indicators - worst case scenario is KDA drops to the bottom of the ichimoku cloud - double top on the RSI, could move to an oversold level (below 30) which would be bullish
- trendline broken as predicted yesterday - bullish TK cross as predicted yesterday - target for breakout is the top of the ichimoku cloud
- about to be a bullish TK cross - bullish RSI - volume coming into KDA - can we break the trendline?
- double bottom - bullish RSI - hopefully can break the trendline - however there is a large gap between the conversion line and base line which indicates a retracement
- Bullish TK cross - Above MA21 - Above MA50 - Lots of volume coming in
- large gap between the conversion line and base line - bearish TK cross - support at $8.7 has broken - potential support at $7.5 - hopefully BTC can just find its bottom and we continue
- bearish pennant formed - large gap between the base layer & conversion layer - strong support on the fib level around $8.8 if the price does drop - if fib level breaks theres also a strong support around $8.6
mixed signals on the KDA 15m timeframe - there has been a few candle closes in the red ichimoku cloud which indicates a leg up to the top of the cloud or above - there is also a bullish TK cross which supports this move up - but there is a large gap between the conversion line and base line which indicates a move down - also a double top which supports the idea...
KDA is in a good buy region. With the bullish moves of BTC, it will go for the moon. Let's see.
Kadena is a company that offers blockchain solutions for all types of occasions. From Bitcoin security to smarter contracts and unparalleled throughput, it offers a wide range of materials for blockchain integration.
The thing with Crypto is that you 'never miss the train'. KADENA has been a project that we followed, or a train we thought was missed. You see, in so many occasions we will see a project and think 'why didn't we know earlier'. Kadena looks like a GREAT Buy today and personally i am getting on it. Technically, the price is now on it's biggest support. I could...
Kadena has been consolidating into a bullish triangle for the past 1 Month. If Triangle broken upwards, Expecting a +200% Bullish wave towards the 48 USDT range. On the worst case, If we lost the support, We may retest the 12 USDT Support area. I'm overall bullish on Kadena due to The good fundamentals behind it and i'm having no idea to sell it at such low...