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KAVAUSDT

KAVAUSDTHello everyone, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for KAVAUSDT Here we have R2 and R1 which are our resistance areas in this chart with their demonstration of the disability of the price to rise at various points. S1 used to be a long-term resistance area. And as you observe, S2 is a support area at the bottom that involves the well support of price at some different points even since the past. Clearly, the price experienced a great support at S1 area and via a notable rise, it could move up to our first resistance line. But after not being supported there, and after having some unsuccessful attempts to rise, it resumed its decline down to S1 area. The existence of a negative Marubozu Candle confirms its falling trend and at the present, we see it is fluctuating in the first support area. We expect it to give us two scenarios after falling to the bottom of S1. Either we would have more support here and the price moves over R1 and fixes there and then more increase takes place for it toward R2 (that is a proper point to save your profits) Even it is probable that the price falls down to S2 after losing the support at S1 and there we can wait for the support of price and on its returning process, it is better to put your trade orders and then wait for more increase. According to the chart and considering the signs here, when the price is fluctuating above S1, we won’t have so much decline. So please consider the market situation in lower time frames and then decide what to do exactly. We suggest you to save your profits in the resistance areas due to the fact that in the decline of the price, you will not have so much loss. Keep moving with our updates and analyses to have multiple pieces of information and ideas. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Have a nice time
by MarsSignals
1
KAVA: Resistance Breakout!Kava (KAVA) technical analysis: Trade setup : Price has broken above $1.00 resistance area and 200-day moving average to resume Uptrend. Upside potential to $1.40+ Momentum turned bullish again (MACD crossover). Our own proprietary research report published on 24th August highlighted several upcoming catalysts that could dramatically increase TVL (Total Value Locked) on this leading DeFi lending platform and potentially drive up the token price. Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.80 (previous resistance), then $0.50. The nearest Resistance Zone is $1.00, which it broke, then $1.40.
Long
by altFINS
✴️ Kava Goes First Correction End Confirmed? Marketwide AnalysisKAVAUSDT hit a low in early January, like most of the Cryptocurrency market. Many pairs hit their low in late December, just a few days before January which technically counts as the same. From this low we get a strong bullish wave, January 2023, this is also true for most of the Cryptocurrency market. After this wave we get a correction and here the correction hit bottom 3-5 March. This is also a theme that is repeating across the market. Now, the important part. KAVAUSDT is recovering, correction ends. This is confirmed as its price moves above the moving averages including EMA50 and the really high volume yesterday. If KAVA dropped with the rest of the market, recovered with the rest of the market and went into a correction together with the rest of the market, it will also produce the next leg up with the rest of the market. That's the conclusion. KAVAUSDT is already going bullish, moving first compared to the pairs that everybody is already looking at. This is normal, the market movers will move first those that are least active/bought. While everybody is always looking at Bitcoin, Shiba Inu, Cardano and the rest. If Bitcoin starts growing it would reveal that the correction is over and everybody would rush to buy and that's not something that is appealing to the whales. And thus they move the least popular ones first... But what one does the rest follows. If KAVAUSDT recovers, we know what the rest of the market will experience as well. This includes Bitcoin which looks shaky right now... Patience and a plan would remove all doubt while you wait. Namaste.
Long
by MasterAnanda
3