KAVA is forming a potential bullish reversal after completing Wave 5 within a descending channel, reaching the External Demand Zone. A rally from current levels is anticipated, with initial support at the Immediate Resistance Level.
The setup targets a short-term move to 1.10, then mid-term at 2.25, with a final breakout aimed at 4.97. The pattern suggests strong upside potential, contingent on holding support and breaking through key resistance zones. A confirmed upward break above immediate resistance will validate the bullish projection toward the final target.
The setup targets a short-term move to 1.10, then mid-term at 2.25, with a final breakout aimed at 4.97. The pattern suggests strong upside potential, contingent on holding support and breaking through key resistance zones. A confirmed upward break above immediate resistance will validate the bullish projection toward the final target.
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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.