KAVA looks to be rejected by it's long-term downward trend line once again, and we've got a nice Short signal from Crypto Tipster v2 too!
This, combined with a clear wedge pattrern having formed would indicate a clear Short, with a 25% drop to be made before hitting the horizontal support level @ 430.
If you enjoyed or agree with this idea - drop us a comment,...
As we can see in the chart, the price jumped upwards when it hit the prz area, and we expect to correct the $ 5.5 area when it hits. So it is suggested to save profit. And re-enter if the $ 5.5 range is broken above. We expect a drop to $ 4.2 if corrected.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
KAVA has broken out of this four month downward channel today and is looking good for a solid move up.
MACD is curling away
50EMA is curling up
Price is above 50 & 100 EMA
Volume is still good
The breakdown in November was an anomaly and didn't have three of the four elements it has now. Let's go!
💎Technical Analysis Summary💎
BINANCE: KAVABTC
-KAVA is on a strong downtrend coming from the high 45k sat
-It is now approaching its key level of support around 6400 sat
-We have seen a lot of altcoins breaking below its key levels
-So the risk buying at these levels are high
-Waiting for a proper sign of strength or reversal pattern is a must
-Trading...
💎Technical Analysis Summary💎
BINANCE: KAVABTC
-KAVA is back at a key level of support after toping out from the 23000s sat area
-This is not a good sign in terms of bullish price action
-If this level of support becomes weaker, it will likely to breakdown soon
In-Bearish scenario, the next key support is somewhere around 12000 sat area
-Always prepare for both...
BINANCE: KAVABTC
-KAVA has confirmed a double bottom of the support
-After confirming the previous support area at 20k sat
-We can also see the price is respecting the trendline resistance
-Until this trendline is valid, the price may still go lower
-But since it has failed to make another Lower Low
-The selling pressure started to fade and the Bulls may enter...
BINANCE: KAVABTC
-This coin is on waterfall after the break of support at 33k sat
-Its value has declined by -53% from the swing High
-If we are looking for a potential strong buy area
-The level of 18k sat is a high probability of potential swing point entry
-It was a confluence of previous key resistance and turned support last July trading
-Let's see if a...
💬 Between the cryptocurrency exchange Kraken adding KAVA, the ongoing DeFi boom, and the recent series of higher highs on higher timeframes leading up to this point, KAVA's chart is looking bullish. Our goal here is to look for a pullback before price moves up again. With that in mind, let's take a look at some levels.
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