KAVA consolidation before expansionKAVA in a quite tight range vs BTC for quite some time. Underperformed massively during the previous alt season while the rest of the Binance IEOs did very well. To me this is an interesting DeFi project that could do very well. The chart supports that view as it hasn't had that major pump before that would make me thing it is done + it has been consolidating and showing strength vs BTC when the rest of the coins are weak. If BTC dumps I don't think it will do well in USD terms and could dip vs BTC too, but long term this has high potential.
Kava
KAVA with 321 mil marketcapSalve
come stai?
Lets talk about KAVA
How does Kava work?
At its core, the Kava protocol functions similarly to a bank. It enables users to deposit their assets and obtain loans, and charges interest on USDX borrowings and savings.
Traditional financial institutions only ever provide these services after tedious registration processes, rigorous credit score checks, and compliance with know-your-customer (KYC) and anti-money laundering (AML) regulations. However, because of Kava’s decentralized nature, users need only supply their wallet address and any supported cryptocurrency to enjoy similar services.
To obtain a USDX loan, users should head over to Kava.io and supply a supported crypto collateral to lock into the Kava smart contract. Presently, Kava supports BNB, BTC, BUSD, XRP, KAVA and HARD as collateral. The generated USDX loan amount will depend on two factors: i) the quantity of collateral locked-in and ii) the chosen collateral’s collateralization ratio.
For instance, if BNB is chosen as collateral and its collateralization ratio is 150%, then an individual would need to lock-in at least $1.50 worth of BNB to mint $1 USDX. This loan will then incur an interest rate known as the stability fee, payable in KAVA. If an individual fails to keep their collateralization ratio above the asset’s stipulated liquidation ratio, then the locked-in assets will be seized, and a 7.5% liquidation fee imposed. Different assets will have different collateralization ratios, stability fees and liquidity ratios in accordance with their respective volatility and risk profiles.
To ensure that these loans are overcollateralized, Kava utilizes four key modules in tandem with the KAVA token: i) the price feed module, ii) auction module, iii) CDP module and iv) liquidator module. In essence, these mechanisms help align economic incentives and market dynamics to ensure that the protocol remains stable, secure, and trustless. The inner workings of these core modules can be read about in Kava’s Github page.
What can the Kava token (KAVA) do? The Kava token serves three main functions: 1.Governance 2.Security 3.Recapitalization
and let's talk about targets if it hit Resistance level it can hit 5 - 5.5 - 6 and if not we back to 4 again, watch BTC price too
See ya
🆓Kava.io (KAVA) July-2 #KAVA $KAVAKAVA is heading towards the hard support at $3.5, where strong buying might emerge to push KAVA up to the $5 and $7 zones this July. But if it loses the 3.5$ zone, it will fall hard back to the 2.5$ zone
📈BUY
🔴Buy : 3.4-3.6$. SL if B
📉SELL
🔴Sell : 4.85-5.15$. SL if A
🔴Sell : 6.8-7.2$. SL if A
♻️BACK-UP
🔵Sell : 3.4-3.6$ if B. SL if A
🔵Buy : 2.4-2.6$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
KAVABTC going longKAVA has been playing within an ascending channel for months. It is safe for me to buy it at the bottom of the channel,
If KAVA breaks the bottom on the channel then SL to be set upon retest.
If KAVA plays the range again, then I'm selling the top of the channel.
If KAVA breaks the top of the channel, then I'm re-buying the retest.
KAVA 1D Strong Buyer Wants Growth?The KAVAUSDT chart looks very interesting.
On the one hand, the cost was drained by -70-75% like most of the altos in the May fall.
On the other hand, the falls were stopped above the strong liquidity zone, and the trading volumes were very high, which may indicate an increased interest in the KAVAUSD pair.
Looking at the graph of the Kavalabs token, two possible scenarios come to mind:
1) Price KAVA growth to $5, further correction, but buyers will no longer allow the price to drop below $4 and continued growth to the $8 area
(This option seems more likely)
2) If somehow the price of KAVAUSDT falls through and consolidates below $3, then the fall may continue further, and the zone of $1.80-2 will meet below
Perhaps the project has a strong fundamental news background? Share your thoughts in the comments!
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Bidding for KAVAI am working here on my perspective that best Alts to buy in a major dip (or bear market) I see are Alts that provides returns on staking or launchpads. Because eventually the more you HODL the higher the reward. And it becomes more affordable to accumulate them cheap for higher rewards.
Here comes KAVA with 90% rewards and 57% staked already.
Bid is placed at a major support, that is very ambitious but considering BTC volatility.
bloody kava is coming ... Watch out !!
Till now $4.50 seems to be holding well for Kava after testing it.
Most likely we gonna complete the uptrend till the above of the channel.
Look at the channel on the chart, u will get that we r trying to break $5.95 resistance.
An estimated pullback from $5.95 to $2.40 within June. ( about 60% down)
On very short-term we r bullish .
for long-term holding, should add bags in the dip n prepare an exit strategy is a must .
If we moved as expected on the chart, it will be a good indicator to see a rejection bearish daily candle at 5.95 resistance.
The best time to buy, when the wave ends at $1.33.
For me, will sell all my kava at the top of the channel n will short above 5.90.
After we gonna break $4.40 support we will see $2.40 straightway.
DONT LEVERAGE N USE A PROPER RISK MANAGEMENT STRATEGY !!
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KAVACan Stake Kava for 20% APR in Kraken.
What Is Kava (KAVA)?
Kava is a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield.
The Kava DeFi hub operates like a decentralized bank for digital assets, allowing users to access a range of decentralized financial services, including its native USD-pegged stablecoin USDX, as well as synthetics and derivatives. Through Kava, users are able to borrow USDX tokens by depositing collateral, effectively leveraging their exposure to crypto assets.
Built on the Cosmos blockchain, Kava makes use of a collateralized debt position (CDP) system to ensure stablecoin loans are always sufficiently collateralized. If a borrower fails to maintain their collateral above a required threshold, the Kava liquidator module will seize collateral from failing CDPs and send it to the auction module for sale.
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Trading Parts :
- Buy Now around 3.1$
- TP1 : 4.95$ (Security TP)
- TP2 : 5.95$
Stop Loss : 2.48$
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Stay S4fe!
Happy Tr4Ding !
KAVA vs BTC --- LONG --- 18.05.21KAVA against Bitcoin forms a good launching pad.
The entire upward movement is accompanied by increased volumes, which is very good.
The price has nicely entrenched above the moving averages, and when we exit above the control point, we may well get momentum.
Those who see an ascending triangle or a contraction will also jump there.
Riding the sleeping giant KAVA 💪 Very much underperforming giant here that was the star of 2020, yet a sleeping beauty in 2021.
KAVABTC may start pumping any minute, or may continue to hibernate for quite sometime as there’re yet not increase in volume, and still consolidating on the 3D 50EMA chart.
Entry level in blue
Target is 100% gain in green
KAVABTC - Trading Setup! Not a financial advice - This is my trading diary ! It helps me think about my ideas.
Let's follow our plans to have a profitable week.
Kava is showing some strength after hitting all time low. There is a potential to grow to at least 19000 sats (Lines marked on the chart).
Since I don't like to enter pumps and chase the market. I would expect a good opportunity (pullback) to enter.
Grabbing some Kava around 9600-8800 and expecting a few months of upside.
#kava #btc #crypto #tradingidea