KAVAUSDT trade ideas
KAVA/USDT TRADE SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Altcoin trade setup of KAVA/USDT.
KAVA looks good here and is currently at the bottom of the rising wedge channel.
We can expect a 15-20% pump from here.
Entry range:- $5.62-$5.8
Target1:- $6.08
Target2:- $6.48
Target3:- $6.94
SL:- $5.28
Leverage:- 3x-5x
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Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
KAVA USDTMy 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
cheers,
-NFA_
KAVAUSDT 4HKAVA broke the descending trend line, got support at the bottom of the rising channel. It is possible to long with logical volume and leverage. Stop Loss below the channel. Target 20% at the top of the channel.
This is my personal opinion and please do your own analysis before taking any position and enter any position only after assuming you as the responsible person. Trade at your own risk!
Strong support at 5Kava 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 to the resistance level 7 and 8.
if 6 level can not hold, it will retest 5 level.
5 dollar is a pretty strong support level
1. we see a lot of trading volume in early Aug green zone area,
2. In the down trend Red Circle area, when the price try to break 5, it pulls back with significant volume
3. when the price break through the trend line there are also big volumes.
These three points make 5 as a strong support, and if the price hit this level again I would buy more, and that might become a triple bottom.
Below 5 is real bearish and will need time re adjust.
Happy Trading
(NOT Financial Advice)
Bullish triangle closing in for KAVA+close to major resistanceKava is currently consolidating just below major resistance which is also the top of a massive ascending triangle. Supported by a steadily rising OBV this looks very bullish. I expect a big move up when KAVA breaks through this resistance level.
KAVA - is preparing to skyrocket 👀🚀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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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.