KAVA Analysis and growth potential ( Fundamental + Technical )
Updated
Hi friends.
Lets take a look at this incredible Altcoin and the coming upgrade KAVA 11 !
KAVA is a safe and scalable Layer 1 network and ecosystem built with the Cosmos SDK.
Kava Network announced on Twitter that Kava Liquid Staking would begin on September 8th with Kava 11.
It aims to help mainstream people see the value of DeFi by offering a trustworthy home for best-in-class DeFi services that can grow to meet global demand.
Now...
lets take a Technical view:
Like you can see in my chart we are in an important support zone.
and the price is moving in an ascending channel.we are in the bottom of this channel;'
also we are safe on the 50% retracement of the past impulsive wave and the price
Bounce from this level i think.
if the price Bounce from this level it can reach 2.30 or 2.40 targets;
however you should set your stoploss in below of this level and two recent bottoms (1.36 level)
the next target is 38.2% of recent correction that landed around 200MA (2.80 level)
Hope you have good trades.
dont forget to control your risk.
Lets take a look at this incredible Altcoin and the coming upgrade KAVA 11 !
KAVA is a safe and scalable Layer 1 network and ecosystem built with the Cosmos SDK.
Kava Network announced on Twitter that Kava Liquid Staking would begin on September 8th with Kava 11.
It aims to help mainstream people see the value of DeFi by offering a trustworthy home for best-in-class DeFi services that can grow to meet global demand.
Now...
lets take a Technical view:
Like you can see in my chart we are in an important support zone.
and the price is moving in an ascending channel.we are in the bottom of this channel;'
also we are safe on the 50% retracement of the past impulsive wave and the price
Bounce from this level i think.
if the price Bounce from this level it can reach 2.30 or 2.40 targets;
however you should set your stoploss in below of this level and two recent bottoms (1.36 level)
the next target is 38.2% of recent correction that landed around 200MA (2.80 level)
Hope you have good trades.
dont forget to control your risk.
Trade closed manually
Failed too reach upper band of channel...
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