Kava
KAVA - does the fall continue 😲❓Finally, bitcoin has been corrected. All altcoins have been corrected along with it. Nothing has changed globally, bitcoin is still moving in an uptrend.
And corrections are a normal thing.
KAVA is now testing the trend line, which acts as a support for now.
But at the same time, no buyer strength is visible. Additionally, it is worth noting that the price is starting to squeeze, which is a bad signal. In case of a breakdown, there could be a fall to the targets marked below.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
☕KAVA- Rising wedge, B-wave pump now?Today I had a look at KAVA and spotted an obvious rising wedge pattern. The price action fits very nicely into elliot wave cycle scheme, which suggests that the ATH created in August 2021 was the end of wave (5), after which the price entered phase A of corrective ABC scheme. After quick bounce from the dynamic support on Nov 11th the price is now trading in the bottom area of the formation consolidating on horizontal support (5.73). If buyers manage to defend this level, we can expect more upward pressure very soon. Although this idea is more bearish for the next few months, there's still an opportunity to benefit from a potential short-term bounce.
The targets for this bounce are: 6.84 and 8.19.
Feel free to share your thoughts in the comments.
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About KAVA:
Kava is a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield.
The Kava DeFi hub operates like a decentralized bank for digital assets, allowing users to access a range of decentralized financial services, including its native USD-pegged stablecoin USDX, as well as synthetics and derivatives. Through Kava, users are able to borrow USDX tokens by depositing collateral, effectively leveraging their exposure to crypto assets.
Built on the Cosmos blockchain, Kava makes use of a collateralized debt position (CDP) system to ensure stablecoin loans are always sufficiently collateralized. If a borrower fails to maintain their collateral above a required threshold, the Kava liquidator module will seize collateral from failing CDPs and send it to the auction module for sale.
Source: coinmarketcap
Kava repeating its very interesting harmonic patternLook at the chart, history not always repeat but it does rhyme.
I am bullish on this move, although if this long term setup is broken, new support/trends need to be establish. Hence a strict stop loss is recommended
Good for a leveraged position. Manage your risk
WAGMI 🤝
#KAVAUSDT #KAVA#kAVAUSDT
#KAVA
@khancryptoschool
@BullsERA
Right Now #KAVAUSDT In ⁵th Wave And Exactly This Wave Will Cross Previous High But There Have Strong Daily Resistance There posible
#KAVAUSDT Take Time And
⁵th Wave Is Big Morthen ³rd Wave
I Recommend 10.50 $ Price And Posible Markeet Hit 11.00 $ Price R Above
Keep in mind.
🟢 Multiple Rejection Structure
🟣 Monthly Frame Structure.
🔴 Weekly Frame Structure.
🔵 Daily Frame Structure.
🟡 4.H Frame Structure.
⚪️ 1.H Frame Structure.
KAVAUSDT - Wait until timing for entryBINANCE:KAVAUSDT
4H trend chart
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KAVA is consolidating as a triangle since 8/21
This triangle is formed with a downtrend line and support zone.
If price can break out the downtrend line, trading strategy as below.
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Profit Targets:
a) 6.852----Green horizontal ray
b) 9.218----Fib(1)
c) 11.028~11.760----Fib(1.272~1.382)
Stop losses:
a) 4.9658-----Red horizontal ray
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kavausdtHello friends.
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KAVA DESCENDING TRIANGLEKAVA is just at the end of a DESCENDING TRIANGLE which is normally a CONTINUATION pattern or BEARISH PATTERN.
DAILY TF we are breaking to the upside, but if it does not complete it is a FAKE OUT and we will see a RETRACMENT.
If it completes we have the targets as follows.
ENTRY 5.7-6.0
TARGET 1 $6.5
TARGET 2 $7.1
TARGET 3 $7.5
TARGET 4 $8.2
TARGET 5 $9.50 ATH
STOP LOSS $4.5 SPOT
STOP LOSS $5.4-5.6 3X LEVERAGE
NOT FINANCIAL ADVICE!
KAVA USDTMy view about KAVA
1. KAVA is moving in bullish trend
2. KAVA have a potential forming IHnS which is right shoulder can be falling wedge
3. MACD have a bullish reguler divergence. which is it can be a potential reversal if MACD can be golden cross.
You can spec buy, and avg up if it breakout from falling wedge. manage your own Money Management
cheers,
-NFA_
KAVA - is preparing to skyrocket 👀🚀There was a strong rise in the bitcoin chart yesterday. Bitcoin is now in consolidation, if this continues most altcoins will rise. KAVA is in an accumulation, if the price is pushing towards a key level, that would be a good signal for a breakout and continued growth.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.