Kda was forming a bear flag on the 1H and is currently braking out to the downside. With this breakout is also broke the daily trendline suport to the downside.
Also there is a dead cross on the 4h, wich is bearish too
On the daily, it looks like we are in the 3th correction wave, with wave 2 top at 18$
According to the flag theory, the breakout is as long as the pole, wich gives us a target of 8$ of the 3th correction wave.
8$ is also the top of the monthly buy zone, from 6$ to 8$.
As we have no idea when kda will be listed , wich could trigger a parabolic move, i wouldnt wait to buy kda at the bottem, so im dca. I started at 14$, with 40$ tp1 longterm, but at the moment it looks like we could hit the wife changing money zone of 8$.
Ill add 20% each target.
12$ 10$ 8$ 6$
Also there is a dead cross on the 4h, wich is bearish too
On the daily, it looks like we are in the 3th correction wave, with wave 2 top at 18$
According to the flag theory, the breakout is as long as the pole, wich gives us a target of 8$ of the 3th correction wave.
8$ is also the top of the monthly buy zone, from 6$ to 8$.
As we have no idea when kda will be listed , wich could trigger a parabolic move, i wouldnt wait to buy kda at the bottem, so im dca. I started at 14$, with 40$ tp1 longterm, but at the moment it looks like we could hit the wife changing money zone of 8$.
Ill add 20% each target.
12$ 10$ 8$ 6$
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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.