The stock looks good for a long position. The coin has been rolled.
We see that the whole drop was bought out.
If we follow the risk management, I think it could be a pretty good long position.
Greetings to you crypto lovers! Today we will consider a project from the Polkadot ecosystem. Elliott wave analysis shows that perhaps the finest hour is coming for Karura.
On November 24, the price reached $5.37, after which it jumped to $7.30 with strong sales by the end of the day. My approximate target for the completion of wave 2 was the value of $5.376 -...
Is there any Karura fans? I think the areas marked by green rectangles are a good opportunity to buy Karura. Good project, 130 million market cap. It is an all-in-one decentralized finance hub and stablecoin platform built on Kusama and integrated into Polkadot.
all star cast powerewd by Kusama designed for Big Funds to Park and Flex over time
reminds me of early days of defi Compound Celsius Uniswap.. this should be sexier to make it in the Billion Dollar Table
EXCHANGE KU COIN
COIN: KARURA
PAIR: KARUSDT
Broke out @ 8.34 can and retesting
we can take long positions @ 8.3 & 8.4
with the stop loss of 8.12
Tp 1 9.4 Tp 2 10.8 it has the potential to
break all time high of 13.73
For Long term Hodlers 3x 5x
Up or down, I think an uptrend is possible.
down trendline breakout
We have a good volume level here.
Super trend indicator shows buy signal
RSI down trend breakout
#Karura, $KAR trading within an ascending channel.
The expectation is that volume picks up and a breakout to the upside occurs. Then we hit our first
target of $25, then hit our second target of $47 shortly after. However, I put a question mark
and highlighted the volume. As i stated within the chart itself. Volume needs to increase as we continue to trade...
Ok so now we have KARURA, unfortunatly missed posting a trade setup and missed the $10 breach, however we have an oppertunity today as it has retraced down and reclaied previous resistance.
My advice would be to head over to the platform and see its suite of products as i myself have vaults and liquid staking through ksm. its a great protocol. Still very early...
As you may already know from my previous EOY predictions. The 3 flags represent 3 scenarios of where the price could end up the the EOY 2021, assuming that's when Bitcoin peaks.
Green being the best case scenario.
Red being the worse case scenario.
Yellow being moderate or the more than likely scenario.
The best case scenario for Karura ($KAR), a Defi 💎...
Defi Project Karura has been consolidating for what it looks like an entire month now.
and looks like it's on a the verge of a massive breakout, entering price discovery.
I started this TA on the 29th of July and adjusted it a little bit on the 31st of July.
It's a pretty basic TA, because it's a new project and we all know TA on new projects is always tricky, so far it works out pretty nicely.
I'll update y'all if I do any major changes.
