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KDA

The Bulls are targeting round level of $10 above triangle pattenThe Kadena coin price has been trading into the symmetrical triangle pattern for the past several days. The daily price chart of Kadena is above the 20-day moving average. the coin has immediate support at $4.50, and the resistance sits at $16.50. But for the current scenario, the coin's price will have to break out of the triangle pattern for confirmation. The Kadena coin price is still trading above the EMA Ribbon indicator. But it seems that bears are attempting to breach the daily price below the Red lines as well as the 200-day moving average (yellow line). Stoch RSI is holding higher in the overbought zone with reference to the daily price chart, where K is at 88-point and D is at 91-point. On the other hand, Stoch RSI formed a bearish crossover today. It remains to be seen whether the bears break out of the triangle pattern with the help of the Stoch RSI sign. Conclusion The Kadena coin price trend is creating a little confusion for the traders. There will be two conditions; if the price breaks the symmetrical triangle pattern on the upside, we can see fresh all-time highs; On the other hand, if the bulls fail to maintain the price above the chart pattern, the bears Support level - $4.5 and $2.5 Resistance level - $10 and $16.5
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by TheCoinRepublic
Kadena : An overview of the bigger Timeframe... Kadena has been inside a huge falling wedge from its Alltime high. Asper Technicals, Falling wedge is a bearish reversal pattern. Currently, We can see a falling wedge in the lower timeframe too. Breakout can lead to the Scenarios that i have marked using the Arrows. Also if we break out of the major falling wedge, I expect a deadcat bounce. Also, It is always good to buy this gem using Dollar-Cost averaging at these very severely undervalued Prices.
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by gautuwuu
KDA.Usdt (Y22.P1.E2).Target reachedHi All, This is a continuation of the previous KDA post, link below. This has reached its target and is in line with BTC target, refer to my previous post. Hence I expect a reversal structure of some nature before going up into major resistance. Note: Head and shoulders structure of the neckline reaching its target with that bottom wick with the fib ext of 2. I do believe we will see BTC dominance keep going up and the Alts getting smashed in the BTC pairing. Hence KDA is in a bear market. Refer to the link below and play it forward to see the macro view. All the best, S.SAri PREVIOUS POST - over bullish
KLong
by ssari
2
KADENA on the verge of starting a mega rallyKDAUSD has been on fire recently and that bullish short-term trend broke above the 1D MA50 (blue trend-line) today. The last time it did so on December 27 2021, it was a fake break-out but on a long-term scale, it resembles more the bullish break-outs of August 08 2021 and January 25 2021. The CCI sequences between the three phases are very similar. The CCI appears to have bottomed the same way it did in late 2020 and mid 2021, so there are more chances that the current 1D MA50 break is a bullish signal and not a fake-out. Technically, we should be seeing an aggressive rally soon and the modest target based on the neutral scenario of Jan - April 2021 is the Higher Highs trend-line at around 35.000. A break above the 1.5 Fibonacci extension, could target the 2.0 Fib as it happened on the October 23 break of 1.0 Fib (that almost reached the 1.5 Fib within 2 weeks). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
KLong
by TradingShot
6
IS THE CORRECTION OVER FOR KADENA? (KDA ANALYSIS)In our Last KDA analysis we correctly predicted the sell of down to its current levels which was our DCA zone as shown below In this analysis, we will look at the thigns required for KDA to meet our desired buy target of $2-$1.95 Still in it's correction phase, looks to be a gearing up for a wave correction of the downward 5 way impuls move. Should this be the case, KDA could see prices of $8-11 before take a turn for our $2 dollar price target completing the impulse move down. However, A close well above the upper green resistance and a succesful retest as support would invalidate our analysis. Price Targets of $40-50 & $85-150 remain unchanged. If you agree with pls leave a like and share your thoughts in the comments. Feedback is appreciated.
by RektMyMom
3