Long

Can KDA bulls take back control?

Updated

fighting to escape a bearish H&S pattern as it consolidates below the 200 DMA. A breakout higher from here strong volume, after rejection of what should've been an easy setup for the bears. A weekly close around $1.45-1.50 would be a major breakout for the crypto. On the downside, ideally $1.15 would be the support level to hold, with any break of this level likely leading to a retest of at $1.00.

Note

Should this drop back to support occur, the best case scenario for the bulls would likely be this:

Note

Should see $1.48 soon before more sad little profit takers come in and we retrace back to $1.38-1.40 region.

JNor

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