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.
KAVABTC
$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.
If you want more updates on the PT Buy Sell indicator, follow along!
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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.
KAVA.BTC (Y20.P3.E4).Cup and HandleHi All,
*** This is a component of the previous KAVA.BTC post > Link below ***
Hence supporting my thesis that this coin is in its early phases of doing a Parabolic run.
The chart tells its all.
Note, it did well with the btc dominance bounce and likely to keep doing so.
How to trade this?
2 options to consider:
a) You can wait for the 6 hrly candle to close before jumping in
b) Look for the retest of the support line
Its possible both will be covered in the 6 or 8 hrly window.
Please give me a tick or like for this post.
Enjoy!
Regards,
S.Sari
PREVIOUS POST
KAVA.BTC (Y20.P3.E3).Gems in the making.No.3Hi All,
This post is part of a series of posts that I have started with parabolic curve signs and hence the title association Gems in the making.No.x
<<< Note: This title is associated with all parabolic curve charts or likely to be as per yesterdays post on LEND.BTC >>>
KAVA is part of the DeFi group and looking at the overall view so far, chart below, we can see how its progressed.
If you refer to my previous post on LEND.BTC, I touch on the points of Base1, Base2, Base3 and Base 4 to then extend beyond the Arc to complete the cycle.
LINK.BTC is doing this right now. Refer to link supplied below for further background information.
OBSERVATIONS:
========================
> It is early stages but what I have quickly learnt about parabolic curves is that they move away from the channel path aggressively, just like Kava btc pairing now;
> Current price action is below another FIB. extension target and is consolidating into what seems a ascending triangle;
> The daily Phoeix supports the thesis that it will go sideways for now with slight downward pressure; Green RSI crossing over Red RSI with gray pressure moving upwards, meaning sideways action.
> The Phoeix outlook on the 3 day and onwards is all upwards pressure;
> Daily chart, the 21, 34 and 50 EMA from the price action, demonstrating aggressive movements;
> Daily Macd looking for a bounce off the signal line;
THOUGHTS:
> If the current price breaks this level in the coming week, it will give us the arc we are looking for, hence confirming the parabolic curve;
> How to trade this > go long and go to the smaller time frames be it 4 or 8 hourly chart and enter as the chart below.
Otherwise wait for the breakout and retest of this resistance line (place order there), but you risk missing out.
Please dont forget give me a like or tick for this post as I would like to see my charts not only succeed but also get more exposure out there.
Regards
S.Sari
Macro overview:
Daily chart:
Note the 21, 34 and 50 EMA from the price action, demonstrating aggressive movements
Entry level, if you haven't bought yet