KAVA Analysis and growth potential ( Fundamental + Technical )Hi friends.
Lets take a look at this incredible Altcoin and the coming upgrade KAVA 11 !
KAVA is a safe and scalable Layer 1 network and ecosystem built with the Cosmos SDK.
Kava Network announced on Twitter that Kava Liquid Staking would begin on September 8th with Kava 11.
It aims to help mainstream people see the value of DeFi by offering a trustworthy home for best-in-class DeFi services that can grow to meet global demand.
Now...
lets take a Technical view:
Like you can see in my chart we are in an important support zone.
and the price is moving in an ascending channel.we are in the bottom of this channel;'
also we are safe on the 50% retracement of the past impulsive wave and the price
Bounce from this level i think.
if the price Bounce from this level it can reach 2.30 or 2.40 targets;
however you should set your stoploss in below of this level and two recent bottoms (1.36 level)
the next target is 38.2% of recent correction that landed around 200MA (2.80 level)
Hope you have good trades.
dont forget to control your risk.
Kava
Kava. io forming bullish BAT | A good buying opportunityHi dear friends, hope you are well and welcome to the new trade setup of Kava. io (KAVA) token with Bitcoin pair.
Previously the priceline slightly moved down but recovered soon and pumped well.
Now on a 2-hr time frame, KAVA is completing a bullish BAT pattern.
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
KAVA : TREND UPDATEKava shows on low time frame possible to increase.
We will follow and see the trend coming time.
Last time we see a trend where the TP takes more than any time before on all coins, I hope also for this reason with time we are going to see a new trend where we are going see a change in a long-term trend coin building that could build long-term positions for coins until now this is not the case.
Markets can be very hard, so please think about your SL on any trades you made.❤️
Kava. io formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Kava. io (KAVA) token with US Dollar pair.
Previously there was a nice pump, but the priceline moved very close to hit the sell targets but could not reach completely.
Now on a daily time frame, KAVA has formed a bullish Gartley pattern.
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
KAVAUSDT Daily Chart Analysis I am sure you might of heard about the Mainnet launch set to take place in the coming days (12 October 2022 if not mistaken). With this said, there is a high probability we can expect bullish price action on KAVA in the coming days regardless of the bearish sentiment in the market in the coming days.
So i will be looking to buy KAVA by the $1.51 daily Bullish Orderblock. Targeting the Liquidity Void above current price. Should price reach $2, I will be taking full profit (if there is any partials left to take).
With this said, Happy Trading Pals
KAVA Upside Opportunity - FundamentalKava has not been able to break up from its downward bearish trend on daily time frames as other coins have done recently, while it is sitting on multi-month support levels. Believe there is room for appreciation in the next month given important fundamental developments happening in the Kava blockchain, such as the launch of Kava foundation, the launch of the Binance Smart Chain bridge and more importantly the Kava 11 launch which has been postponed to October 15th at last.
I believe there is room for Kava token price to rise, market conditions allowing.