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Kadena

DAILY BEAR DIVERENGENCE - Kadena! Anticipate a minor correction for Kadena; Shown on the larger timeframe the daily and already confirmed on the 12hourly; precursor to the daily; Bearish divergence; if a pull back occurred; I do expect the 20EMA daily to hold as support; From end of July to November we've experienced over a whopping 8000% gain on Kadena; A pull back regardless, especially at this level is 101% healthy for further continuation upward. Shown on the Fibs; if our pull back is the 20EMA; our next impulsive wave to the upside is very fruitful indeed. I do vision we are going through Elliot wave theory and coming to a conclusion for our 3rd wave; and entering the 4th wave corrective phase. End of the day healthy markets work on wave forms. Thoughts on this?
by VETXRPEGLD
KDA Price AnalysisThe daily chart shows that Kadena has gone vertical in the last couple of days. As you can see, the KDA token flat-lined for most of the year and only started to catch a bid in October. As a result, the Relative Strength Index reads 86.71, indicating the rally is incredibly overdone. Logically, an RSI of 86.71 suggests an imminent reversal. However, since when have cryptocurrencies been logical? On that basis, I cannot measure if the price will continue higher or collapse in the near term. Although in my experience, parabolic rallies normally end in spectacular (violent) fashion. Therefore, investors should exercise caution at the current level. This does not mean the Kadena price won’t go higher but will be vulnerable to shocks lower, as we saw yesterday. Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
K
by thomasfullerofficial
2
Kadena Greetings citizenz of the moon today we will analyze KDA, Kadena’s public blockchain is a braided, high-throughput Proof of Work system that runs Chainweb, a protocol that delivers security and throughput. The Kadena network will unite public applications, private blockchains, and other interoperable chains in one place, driving traffic to the high-bandwidth computer at the heart of the Kadena public chain. Kadena enterprise software is in use today by major companies in finance, healthcare, and insurance while allowing builders with a vision to skip straight from idea to product. With the launch of Kadena’s public chain, this system will support blockchain application development, from private to public and everywhere in between. The Kadena token (KDA) is a digital currency that is used to pay for computation on the Kadena public chain. Similar to ETH on Ethereum, KDA on Kadena is the token in which miners are compensated for mining blocks on the network and is the transaction fee that users pay in order to have their transactions included in a block. expect US.
Long
by amirsediq
19