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Kadena

Kadena (KDA) formed bullish Cypher for upto 54% pumpHi dear friends, hope you are well and welcome to the new trade setup of Kadena ( KDA ) with US Dollar pair. Previously we had a nice trade of KDA: Now on a daily time frame, KDA has formed a bullish Cypher pattern. There is also a hidden bullish divergence on the chart, as the priceline is forming higher low and RSI is setting lower lows. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
2
Kadena is breaking out (Compare Sol)I have been in a position of KDA for a while now but the break out of this triangle consolidation has just begun. IF price reaches the red ray, I get liquidated on this trade. I see lots of upside for Kadena and my ultimate target is around $600 as shown by the draw below. In my analysis KDA is more bullish overall than SOL and if SOL can go from less than $2 to over $250 in one market cycle KDA can get to $500, Here is the KDA/SOL chart. It is easy to see that this has just been a time for KDA to pull back a bit against SOL and other cryptos before it goes to the upside in big ways. Here is a zoom out of what happened the last time price beat the 12h ema ribbon. That gains baby.
Long
by This_Guhy
4
Kadena to make bitcoin look like a stable coinKDABTC has a clear rising wedge structure and since it is at support the next move is primed to be to the upside. There is a lot of hidden bullish divergence on the RSI and MACD (and a host of other indicators) and the Stoch is showing momentum is breaking above the 20 level, which shows price is technically coming out of a downtrend on the weekly timeframe Drilling down several time frames, there is a inverse head and shoulders on the 4 hour that developed over the last 10 days. There is a strong possibility that that structure marks a the swing low and the price action will now go below that structure again. Price is poking above the orange trend line and if we can hold that break on the weekly time frame with a whole candle body above the gains are practically in the bag with some patience. This orange trend line also intersects the wedge support lower down and price action could see a retest of both on a pull back. KDAUSDT is in several bullish structures. First is a 50-day ascending triangle it is breaking out off right now And that ascending triangle is at support on a rising wedge that KDAUST had already broken out the top off before returning to support. I see KDAUSDT setting new all-time highs continually over the next several years.
Long
by This_Guhy
9
Kadena - following EW patternSo I've been casually browsing the book "Elliott wave principle" by A.J. Frost (a must have, btw) and came across this sample. Remarkable how similar these two charts are (hope you see it the pic due to me being on a laptop). It's quite striking that the 5th wave isn't done yet. So if this is to be true, profit-taking target, according to the book, is at 1.618 Fib or ~$45. Wave 2 - flat; Wave 4 - zigzag -> meaning EW alternation is valid. Current situation and plan interpretation of current structure is a possibility of us being in the 2nd wave of the first wave in this last leg up. Expecting more downside and hit of the lower channel line. If not, cool.
by Osemka8