Turns out kava wasn't ready to break out of the ascending triangle I mentioned in my recent post just yet, price dropped and bounced from the bottom support. There are slight hidden bullish divergences on obv and rsi on the daily chart and price is lagging behind to that of some other alts and current price action is indicating it is ready to catch up. Expecting...
KAVA seems to be getting ready to break up this triangle 📐 and if successful I think there is chance for run to 10 and even higher. That would mean doubling it's price ... 💯%
ENTRY : local high @ 4.99
SL : local low @ 3.20
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 10.1
RRR : 2.9
Lets talk about KAVA
How does Kava work?
At its core, the Kava protocol functions similarly to a bank. It enables users to deposit their assets and obtain loans, and charges interest on USDX borrowings and savings.
Traditional financial institutions only ever provide these services after tedious registration processes, rigorous credit score...
There was a strong rise in the bitcoin chart yesterday. Bitcoin is now in consolidation, if this continues most altcoins will rise. KAVA is in an accumulation, if the price is pushing towards a key level, that would be a good signal for a breakout and continued growth.
Write in the comments all your questions and instruments analysis of which you want to...
In KAVAUSDT 4h
It could not break out the neckline and became a triangle pattern.
If triangle pattern and be breaken out and the double bottom also can be confirmation .
Let's setup the plan
Will Kava form an ABC wave? 🔥
A few weeks ago, I gave a Kava Spot signal and now we are at 50-70% profit, now I want to say why this is my favorite currency and I gave it a signal.
You see my chart on January 12th when I saw this 50% Fibonacci correction just before the bullish breakout, I saw good potential in this...
My view about KAVA
1. KAVA is moving in bullish trend
2. KAVA have a potential forming IHnS which is right shoulder can be falling wedge
3. MACD have a bullish reguler divergence. which is it can be a potential reversal if MACD can be golden cross.
You can spec buy, and avg up if it breakout from falling wedge. manage your own Money Management
#KAVA USDT Update:
$KAVA currently trading at $5.323
And $5.490 is the next resistance.
So what now..?
KAVA is touching the long-time trend line so we expect a good pump in the chart(65% PROFIT---60days ), MACD and TSI show that the power of buyers is increasing.
If KAVA breaks the 4.093$ support level then KAVA is entered in a bearish...
Over the course of a year, KAVA has produced a massive wedge pattern.
With the most recent reversal of the crypto market, KAVA has bounced off the support area.
In the coming weeks, I'm expecting KAVA to make a push towards the top of the wedge. be aware that the wedge is a bearish wedge pattern, so the expectation is that a bearish break out will occur at some...