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.
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Kava formed a "W" shape noble bottom, and breaks through the down trend Line as the Green Zone shows from Oct 2.
Now it seems like KAVA is trying to retrieve back 6 dollar level cause there are pretty small trading volume since the break out.
6 can be a level for opening Long position, it is a minor support here.
If 6 level can hold, it can reach further more...
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 .
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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
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KAVAUSDT on H4
⬆️Buy now or Buy at 5.3790
⭕️SL @ 4.5364
✅TP1 @ 6.7758
✅TP2 @ 7.8468
✅TP3 @ 11.00
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As you can see from the KAVA BTC chart on my previous idea, Kava didn't have a strong pump in 2021, but has formed a very strong base in BTC terms. The USD chart also looks a bit like a long term consolidation, so it could definitely be one that starts moving. At least it is one that is refusing to drop vs BTC while everything else is actually at their lows, when...
#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...
Bitcoin continues its rise, with most altcoins in accumulation. One such altcoin is KAVA.
KAVA is squeezing near the key $6.4 level. Additionally, the price is forming higher lows, which is a good signal for growth. If the price breaks through the $6.4 level and tests it as support, this would be a good buying opportunity.
Profit-taking area marked above....