The next target for Kadena is 15.5 USDIn order for the trend to reach the 4th point, it needs to reach the resistance of 15.5. Considering that KDA is at the top of the altcoins with a bright future, t his target is not difficult to reach.
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KDAUSDT
KDA 15m timeframe. Bullish or Bearish?mixed signals on the KDA 15m timeframe
- there has been a few candle closes in the red ichimoku cloud which indicates a leg up to the top of the cloud or above
- there is also a bullish TK cross which supports this move up
- but there is a large gap between the conversion line and base line which indicates a move down
- also a double top which supports the idea of a move down
i expect a move up as prices are low, people surely are buying the dip.
but who knows could go either way
KDA/USDT on a 15m chart- double top
- bearish TK cross
- large gap in between the conversion line & base line = bearish
- support around $9.7 may break as its been tested a number of times in the past, however if this does break a support at $8.7 will hold
- thx to BTC for this retracement, also BTC to $42.5k
KADENA - EASY SETUP 🚀Kadena is showing us a very simple and easy setup. We had an impulse and now we're in an ABC correction, which will be followed up by another major impulse. Only question is where will the C wave stop.
We have 2 areas where we are looking for the end of C and the start of the impulse.
First area: 8.5 to 9
Double bottom area
Second area: 3.3 to 4
-0.27 fib
Trade Idea:
- Watch for the completion of C wave at one of the 2 areas mentioned
- Enter when bullish price action appears
- Put stops below the rejected price
- Targets: 28 - 33 - Hold the rest
Goodluck!
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BTW 2021 gave Huge profit in KDABTC
Our entry was 960 Satoshi
ATH hit 43564 satoshi
Currently trading at 25400 Satoshi
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4800% profit ( 48x )