1. Technical Overview:
The chart follows the Elliott Wave pattern. It appears that a large ABC corrective wave has completed, and a new 5-wave impulse cycle (1-2-3-4-5) is starting.
Price has likely bottomed around the $0.5 zone and is showing strong signs of reversal, breaking out from a long accumulation phase that lasted over a year.
Current price is slightly breaking out from the previous lows with significant volume increase, signaling institutional or large player interest.
2. Indicators:
RSI (14): hovering around 55, above the neutral 50 level, suggesting growing bullish momentum.
MACD: bullish crossover and widening, confirming a medium-term uptrend.
3. Key Price Levels:
Strong support: $0.45 - $0.5 (long-term bottom zone).
Short-term resistance: $1.0 - $1.2.
Major resistances:
$2.0 (23.6% Fibonacci retracement)
$3.5 - $4.0 (50% Fibonacci)
$7.0 - $9.0 (historical highs and 1.618 Fibonacci extension)
4. Elliott Wave Scenario:
The chart suggests KAVA might follow a 5-wave bullish cycle:
Wave (1): from $0.5 up to around $2.0.
Wave (2) correction: potentially retracing to $1.0 - $1.2.
Wave (3): targeting $5.0 - $6.0.
Wave (5): could reach $9.0+ in a favorable macro/crypto bull market.
5. Long-Term Investment Strategy:
2025 - 2026 Period:
Accumulation Zone: $0.5 - $0.6 (breakout from long-term bottom).
Add on Breakout: consider adding more if price breaks above $1.0 with strong volume, targeting $1.2 - $1.5.
Profit-Taking Levels:
Take 20-30% profit around $2.0.
Take another 20-30% profit around $4.0 - $5.0.
Hold the rest for a potential wave (5) target at $7.0 - $9.0.
Stop-Loss:
Exit if the weekly close falls below $0.45 - $0.5, which would invalidate the bullish wave structure.
6. Notes:
This is a weekly timeframe strategy, suitable for long-term investors (6 months to 2 years horizon).
Track Bitcoin and altcoin market capitalization closely to sync KAVA's wave structure with the broader crypto market.
Wave (2) might require patience as corrective waves often cause shakeouts.
The chart follows the Elliott Wave pattern. It appears that a large ABC corrective wave has completed, and a new 5-wave impulse cycle (1-2-3-4-5) is starting.
Price has likely bottomed around the $0.5 zone and is showing strong signs of reversal, breaking out from a long accumulation phase that lasted over a year.
Current price is slightly breaking out from the previous lows with significant volume increase, signaling institutional or large player interest.
2. Indicators:
RSI (14): hovering around 55, above the neutral 50 level, suggesting growing bullish momentum.
MACD: bullish crossover and widening, confirming a medium-term uptrend.
3. Key Price Levels:
Strong support: $0.45 - $0.5 (long-term bottom zone).
Short-term resistance: $1.0 - $1.2.
Major resistances:
$2.0 (23.6% Fibonacci retracement)
$3.5 - $4.0 (50% Fibonacci)
$7.0 - $9.0 (historical highs and 1.618 Fibonacci extension)
4. Elliott Wave Scenario:
The chart suggests KAVA might follow a 5-wave bullish cycle:
Wave (1): from $0.5 up to around $2.0.
Wave (2) correction: potentially retracing to $1.0 - $1.2.
Wave (3): targeting $5.0 - $6.0.
Wave (5): could reach $9.0+ in a favorable macro/crypto bull market.
5. Long-Term Investment Strategy:
2025 - 2026 Period:
Accumulation Zone: $0.5 - $0.6 (breakout from long-term bottom).
Add on Breakout: consider adding more if price breaks above $1.0 with strong volume, targeting $1.2 - $1.5.
Profit-Taking Levels:
Take 20-30% profit around $2.0.
Take another 20-30% profit around $4.0 - $5.0.
Hold the rest for a potential wave (5) target at $7.0 - $9.0.
Stop-Loss:
Exit if the weekly close falls below $0.45 - $0.5, which would invalidate the bullish wave structure.
6. Notes:
This is a weekly timeframe strategy, suitable for long-term investors (6 months to 2 years horizon).
Track Bitcoin and altcoin market capitalization closely to sync KAVA's wave structure with the broader crypto market.
Wave (2) might require patience as corrective waves often cause shakeouts.
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.
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.