Evening Traders,
Today’s analysis – KDAUSDT- trading in an established uptrend with strong momentum,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Price Action Ranges
- Volume Influxes
KDAUSDT’s immediate price action is trading with a bullish structure with string expansions, allowing for a bullish bias.
The Daily S/R support levels tend to have ranges, allowing for consolidations before stron bullish expansions.
The current volume profile has an influx, climatic node will be indicative of a temporary top, this is yet to be seen.
Overall, in my opinion, KDAUSDT is a valid long after some consolidation, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota