Kadena perfectly came in my green box and gave us a nice entry. So what are the next steps and what is a good strategy due the riots in the higher risk markets (stock market, crypto market)
Possible Scenario 1 :
Big investors use the current situation in which the retail investors panic sell and prepare massive longs for the coming months. In this scenario we...
Fundamentals are strong. love this project, however, I am leaning more bearish. nonetheless if we have a reverse here or a consolidation we must break above that purple box. if we do not consolidate there or reverse here we may expect the worst. price could go as low as 3 to 2.80 which i will be buying heavily. safe trading everyone. we are not done with the...
Falling Wedge combined with declining volume is usually a good reversal indicator. Once we get some better volume and break the upper trend line I would probably wait until we get a base or some better price action. It was highly overbought since the peak on NOV 8th via the RSI momentum indicator - Id like to see the indicator flip so we'd need some volume to show...
Kadena ( KDA ) with nice bounce of 2-day MA Ribbon support combined with bounce of support zone on RSI .
The 2-day MA Ribbon was petty clear in the young past so far.
What do you think? ๐
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Kadena is a company that offers blockchain solutions for all types of occasions. From Bitcoin security to smarter contracts and unparalleled throughput, it offers a wide range of materials for blockchain integration.
Expecting 50% correction down with Kadena. The bearish sentiment with Kadena last been about 70%. From historical perspective, we can expect about -50% correction unless bull fundamentals change.
Kadena (KDA) at 2-day MA Ribbon support combined with support zone on RSI.
The 2-day MA Ribbon was petty clear in the young past so far ๐
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
Take a hit of this, it'll run you up 360% to $95. Buddy of mines waiting for you there,he's got the stuff that'll get you the 6000% high you've been fiending for.
After that, do yourself and society a favor and get help. You'll need it. It's not easy getting off a 6000% high.
Based on current RSI level and decreased volume, i am looking for abreak below the current fib wedge support.
This continued down trend finding support around $12 where the previouse trend line and current fib level intersects should adaquitly place the rsi in or near the over sood level.
Slippage below would be oppertunistic as the release of the first layer 2...
Top of the Morning!
So KDA popped out and blast off to the moon in a matter of a few weeks!
But the parabolic move touched its ceiling for now and will retrace. This parabolic move looks like from the book, so my DCA levels are the next ones:
DCA 1 - $19,85
DCA 2 - $15,20
DCA 3 - $10,60
DCA 4 - $ 8,25
Unlikely to go lower than that, so I would focus on those 4...
The daily chart shows that Kadena has gone vertical in the last couple of days. As you can see, the KDA token flat-lined for most of the year and only started to catch a bid in October. As a result, the Relative Strength Index reads 86.71, indicating the rally is incredibly overdone.
Logically, an RSI of 86.71 suggests an imminent reversal. However, since when...
seeing future fiblines at 32 and 68 thatd be nuts. Would love to do a fundamentals talk about why it would go there (besides being a New World Order Coin).
The Kadena is in full bullish swing discovering new highs with every passing day like there is no stopping by. Kadena started showing a little progress from August, but notable changes were observed from 6th September onwards when Kadena touched the $1 level and on 4th October reached $2. Throughout this time, price surges were followed by corrections, and a wavy...
BITTREX:KDAUSD has been on an absolute tear since August. I haven't paid enough attention, but I think there is an argument for it reaching $100 + by the end of this cycle.
I'm not sure if it could hold that price level, but lets see.
Kucoin market is more liquid than Bittrex, I've only used the chart since it has more history.
BITTREX
