KAVAUSDTKAVA ~ 1W ✅
#KAVA This is the final support for this Coin. if you have Conviction on this coin,. This should be a very good price for you to make a purchase. at least for 20%++
Kavausdsignals
KAVAUSD 1WKAVA ~ 1W
#KAVA This is a very good support block to start accumulating again.
Make purchases gradually from here, with a minimum target of 20%+
KAVAUSD Approaching the 1D MA50. Attention.Kava (KAVAUSD) has been trading within a Bearish Megaphone since the August 30 2021 High. The recent short-term rally in the form of a Channel Up is close to a 1D MA50 (blue trend-line) test. A candle closing above it should be a bullish break-out call towards the 1D MA200 (orange trend-line).
The pattern however so far resembles the sequence of January 24 - February 06. The RSI sequences prior are also identical. That pattern got rejected on the 1D MA50 and after trading sideways below it, it finally targeted the 1D MA200 when it broke. The strategy here should be to buy on the pull-back or if the 1D MA50 breaks (candle closing above) first.
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KAVAUSD Supported by the 1D MA50/ aiming at $11.50Kava (KAVAUSD) is having a strong bounce on the 1D time-frame, with the 1D MA50 (blue trend-line) supporting. This is similar to January - March 2021 bullish leg that made a Higher High on the long-term Channel Up.
The Fibonacci retracement levels within the Channel Up play a critical part as you see. The last Higher Low was made on the 0.786 level and since March 28 the price has been trading within the 0.5 and 0.618 level.
As long as the 1D MA50 supports, the price action will form a Golden Cross. The medium-term target on that is the 1.236 extension around $11.50.
*Note: The MACD on the 1W time-frame is already on a Bullish Cross. Always a sign leading to a rally.
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