Crypto2AF

KDA/USDT - Kadena: BBand Breakout

Crypto2AF Updated   
BINANCE:KDAUSDT   KDA / TetherUS
◳◱ On the $KDA/ USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.624 | 0.642 | 0.678 and support near 0.588 | 0.57 | 0.534. Entering trades at 0.724 could be strategic, aiming for the next resistance level.

◰◲ General info:
▣ Name: Kadena
▣ Rank: 224
▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Bittrex, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Kadena is a public blockchain that aims to optimize for scalability and features a new smart contract language, dubbed Pact, which comes equipped with formal verification and upgradeable smart contracts. Kadena also uses a new Proof-of-Work (PoW) consensus mechanism called Chainweb that consists of multiple individually mined chains working in parallel to execute network transactions. This design theoretically supports a high-transaction throughput at the base-layer without the need for any second-layer scalability or functionality solutions.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.724 ₮
▣ 24HVol: 9,573,144.443 ₮
▣ 24H Chng: 16.963%
▣ 7-Days Chng: 18.22%
▣ 1-Month Chng: 27.38%
▣ 3-Months Chng: 52.95%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.624 | 0.642 | 0.678
◢ Support: 0.588 | 0.57 | 0.534

◱◳ Indicators recommendation:
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY

◰◲ Technical Indicators Summary: BUY

◲◰ Sharpe Ratios:
▣ Last 30D: 2.51
▣ Last 90D: 1.84
▣ Last 1-Y: -0.38
▣ Last 3-Y: 0.97
◲◰ Volatility:
▣ Last 30D: 0.82
▣ Last 90D: 0.68
▣ Last 1-Y: 0.74
▣ Last 3-Y: 1.41

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.71 - Bullish
▣ Reddit sentiment score is 0.74 - Bullish

▣ In-depth KDAUSDT technical analysis on Tradingview TA page


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◲ Disclaimer
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Trade active:
OKX, Binance, Bybit, KuCoin
#KDA/USDT Take-Profit target 1 ✅
Profit: 3.453% 📈
Period: 4 Minutes ⏰

#KDA/USDT Take-Profit target 2 ✅
Profit: 5.3508% 📈
Period: 3 Hours 31 Minutes ⏰

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.