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KAVA Token target buy/sell prices and possible trendlinesThe recent, larger sell-off on large cap crypto catalyzed by news events influences sell-offs on smaller cryptocurrencies, including the Cosmos network DeFi derivative, KAVA. The appeal KAVA holds to me personally is its high yield API (20% annually, distributed twice a week). This combined with its beautifully abundant swings and dedicated long term staked investors makes for plenty of profitable opportunities. With a red line I highlight what I perceive as the recent bear trend (which more or less is a bear cliff as of the ATH which was defined in September, 2021 as 9.218). This sell-off was met with resistance a few days ago at the support price of 3.081, and one of the more large scale bull trend (Bull Trend 1, in blue). A break above this short term bear trend may validate my designated bull trend, implying a continuation of KAVA's macro bullish directionality with the possibility of another eventual retest of the ATH. A break below the bull trend, and continuation of the bear trend may be met with demand with another candidate bull trend which I have marked with a green line on the chart (Bull Trend 2). In either case, at the moment, I plan to hold and continue purchasing KAVA, picking more up at my designated supply/demand prices, and taking profit at my designated supply/resistance price targets. My buy targets for KAVA are: $3.081 $2.109 $1.123 Sell targets are: $5.534 $8.157 $9.218 The price targets and trends I provide are my own anecdotal opinions and I observe them making room for error.
by SKIE_Watching
1
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. 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.
Short
by Yuriy_Bishko
4
☕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. ----------------- 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
by V0VOLAN
2
KAVAUSDT - Wait until timing for entryBINANCE:KAVAUSDT 4H trend chart - 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. - 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 - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
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.
Long
by Yuriy_Bishko
15
KAVA - is preparing to skyrocket 👀🚀Bitcoin continues its rise, with most altcoins in accumulation. One such altcoin is KAVA. KAVA is squeezing near the key $6.4 level. Additionally, the price is forming higher lows, which is a good signal for growth. If the price breaks through the $6.4 level and tests it as support, this would be a good buying opportunity. Profit-taking area marked above. 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
Long
by Yuriy_Bishko
7