KAVA/BTC (Will Key Support Hold?)💎Technical Analysis Summary💎
BINANCE: KAVABTC
-KAVA is back at a key level of support after toping out from the 23000s sat area
-This is not a good sign in terms of bullish price action
-If this level of support becomes weaker, it will likely to breakdown soon
In-Bearish scenario, the next key support is somewhere around 12000 sat area
-Always prepare for both scenario of the market
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KAVABTC
KAVA/BTC Ready to Rally? (+79% Potential Profits)Hello Fellow Traders,
Today we are looking at KAVA/BTC on Binance. As we can see, this coin peaked on its last bullish wave at around 47000 satoshi. Since then, there has been a strong correction back down to the 200 EMA.
Prices are now trading above the 10, 21, and 200 EMAs now. There has been bullish volume coming in the last few days, and the MACD and RSI are both rising, all bullish signals. Finally, we can see a local bottom double forming (blue boxes), so this range is acting as an immediate support. From here, prices need to break out above the 50 and 100 EMAs (orange and magenta), at which point we can see some massive growth.
A potential short-to-mid term trade setup now could be:
Entry: 20000-22500
Support: 16500-19000
Take Profits:
1 - 27650 (+26%)
2 - 30450 (+38%)
3 - 34050 (+55%)
4 - 39000 (+79%)
Leave a like and share your own thoughts and comments down below if you liked the post. Also, follow me for more ideas! Check out some of my others down below.
Price at writing: 21828 satoshi.
Kava, Fake Bounce or Real? We Can Expect Additional GrowthFor Kava, the MACD says it all... Let's have a look at it.
After the Aug. peak, it crashed and moved below zero reaching a new All-Time Low but KAVABTC remains strong.
Now the MACD is starting to recover and building up momentum... There is plenty of room available for growth.
We have another clue when we look at the KAVABTC daily trading volume.
It has been going lower and lower and only recently it is starting to climb up as the bars become green.
We have 5 consecutive green candles and today is looking like another green day...
Support was found just at MA200/EMA300...
We can expect additional growth .
Namaste.
$KAVA CLEAR BULLISH REACTION OFF A DOUBLE BOTTOM $KAVA showed strength once she went for a double bottom. As long as she can clear the .5 of the current trading range we are in, we are in dip buying mode!
Clear invalidation would be the break of the double bottom structure. I see no reason for her to roll over unless $BTC does something ridiculously bearish.
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EMPTY YOUR MIND: PSYCHOLOGY OF A TRADERWe have always believed that the business of Cryptocurrency Trading thrives on 3 things – Intelligence, Psychology and Information.
If all humans had the same level of IQ and everyone was emotionally zero (i.e. had similar psychological traits) and if the flow of information to everyone was equal, then what purpose would the Crypto markets serve?
None whatsoever. In fact, it would become the most boring fixed income scheme you could invest in.
Nevertheless, of these three traits, human psychology has the maximum impact on the movement of Crypto prices in the short-medium term.
It is the psychology of a trader to overcome biases and human emotions like greed and fear and envy and desire that sets him apart from the others.
Mostly, a trader just reacts and makes a lot of money if he can correctly predict the behavior of others.
In order to succeed long term you must first understand your self and the relationship between yourself and the market.
Your emotions, thoughts, and perception of the market, and how these relate to actions taken in the market place.
If you do not believe these are directly connected with your actions and therefore performance, you will likely struggle to maintain a consistent performance.
Rather than viewing your emotions as an enemy, learn to use them to your advantage.
Learn to understand the circle or cycle between you and the market.
KAVAUSD - Head and Shoulder with massive potentialKAVAUSD and other Altcoins with massive Head and Shoulders Pattern.
This will drag down KAVA and frustrate lots of holders. DEFI was a bubble which burst.
Again hype was such a huge signal for the whole crypto space.
With the uncertainty regarding US elections, Covid-19 the stock market already started it's correction and so will the Crypto sphere.
Next entry for crypto is either make or break IMO. For a longterm and natural grow, they should stop to produce and hype sh**coins such as SUSHI, PIZZA and all this crab.
Entered margin short at around 2$.
Happy Trading.
KAVA/BTC (Sign of Selling Weakness?)BINANCE: KAVABTC
-KAVA has confirmed a double bottom of the support
-After confirming the previous support area at 20k sat
-We can also see the price is respecting the trendline resistance
-Until this trendline is valid, the price may still go lower
-But since it has failed to make another Lower Low
-The selling pressure started to fade and the Bulls may enter soon
-Entering at support retest is aggressive but the reward is huge
-But I always recommend buying the breakout confirmation
-With stop loss below the green support line
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KAVA.BTC (Y20.P4.E1).Next stage.Macro structure TAHi All,
Keeping this short as there are many to reviewed:
Came across this which showed simplicity as well.
Although I posted in on the 8 hrly chart, refer to the daily for means of trading as the Daily chart gives a more accurate trading perspective >
Note we are on the bottom of the B.Band > extended hence I see it moving towards the mean of the BB and the daily RSI supports this with the wedge formation, all occurring at 2 main fib levels.
If you haven't entered already, try to look at the 1 hrly time frame to seek that right entry level using the Daily RSI as a guide for the boundaries;
If it breaks the RSI trend line, then its likely to go up.
I have it pulling back as per the daily RSI for completing point E of a wedge.
Regards,
S.SAri
KAVABTC H4: BEST LEVEL to buy 50% gains(SL/TP)(NEW) Why get subbed to to me on Tradingview?
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KAVABTC H4: BEST LEVEL to buy 50% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: KAVABTC H4 chart review/outlook
::: chart looks good for a new pump
::: buying near support level
::: makes sense right now
::: BULLS will target re-test of 35000
::: key mirror S/R level from past
::: seek to BUY DIPS now
::: chart currently transitioning into BULL
::: mode so just adopt to new strategy
::: let's take it one step at a time though
::: recommended strategy: BUY DIPS
::: TP1 25% TP2 50% gains BULLS
::: BUY/HOLD setup / swing trade setup
::: for patient traders only / no fast gains here
::: re-test of 35000 required now to complete
::: the sequence for the BULLS
::: Just BUY LOW and you will get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment outlook short-term: BEARS/DIPS
KAVA/BTC (Retest Major Support @ 18k sat?)BINANCE: KAVABTC
-This coin is on waterfall after the break of support at 33k sat
-Its value has declined by -53% from the swing High
-If we are looking for a potential strong buy area
-The level of 18k sat is a high probability of potential swing point entry
-It was a confluence of previous key resistance and turned support last July trading
-Let's see if a bullish sign will happen if the price get this zone
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KAVA is very close to perform a 10% move!Just a quick analysis on KAVA.
- EMA's uptrend
- RSI above 60
- Third buying wave in a row
- In resistance area
Overall looks good, I am in since 2.7501, looking for around 10%, I will see how it acts in the TP level of $3.06.
TP1 below $3.06
TP2 below $3.315
This should go well!
Tibor
KAVA.USDT/BTC (Y20.P3.E5).Waiting to enterHi All,
Next coin on the list to review and plan for as it has given good results so far as part of the DeFi boom.
OBSERVATIONS:
============================
> On the daily, we can observe the following:
a) Large bearish divergence at play
b) A number of large bearish candles
c) Fib. levels corresponding to the impulse wave have not hit the 3 main levels yet
d) The 21/34 EMA on the daily on this uptrend has played support
e) Previous resistance equates to likely support at the 0.382 fib or more likely the 0.5 for the daily trend to be higher highs and lower highs.
f) Note the 2 indicators, both show the crossing of their signals\rsi's with bearish divergence reflecting on price action.
e) On the 4 hrly or daily, we can envision a correction wave to the area of interest.
MY THOUGHTS:
============================
I'm not expecting a deep bearish pullback, but one that hits the 21/34 EMA ribbon on the daily.
Hence I will be looking for the 21/34 EMA on the daily as support along one of these fib levels and looking for a bullish candle at the lower time frames, say 8 hrly.
This might equate to entering at the 0.382 or 0.5 fib level on the daily chart.
Which equates to the 200 EMA on the 4 hrly chart, as the chart below (the blue shaded band).
I will also be watching the cross over of the WT wave on the 4 hrly, near the bottom of the chart and\or along with a 8 or 12 bullish candle at the specific levels mentioned.
With the Phoeix, I will be looking for the cross over of the green rsi over the red and above 50% level on the 12 or daily chart.
As for the BTC pairing, The price action of KAVA on USD\T should be aligned with the pairing as the chart below. Maybe the EMA ribbon will be in the same proximity as the blue box range.
Either one will be satisfactory.
4 HRLY CHART
DAILY CHART
DAILY BTC pairing CHART:
The price action of KAVA on USD\T should be aligned with the pairing as the chart below.