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Kava / Euro

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KAVAEUR trade ideas

KAVA 1D Chart - breaking out of the current formationKAVA is doing great and it breaks the current formation at ~1.75 EUR. The coin is worth holding for a while to see what it could do but the minimum resistance I see is 2 EUR. The pattern looks like big Falling wedge and after retrace I will look for trade opportunity. For just holders good to keep the coins and watch how it behaves. Good luck with trading! Don't forget to evaluate your risk and SLs (manual or automatic).
Long
by stell_s1
1
KAVA - Retrace in bear leg / Technical double bottom at 1.5 EURKAVA is in a really good place for small retrace as technically we reached double bottom at ~1.5 EUR. The target is around 1.7 EUR. The SL should be around 1.47 EUR. Overall this is a very good R2R place to open long with SL of course. Why now? 1. KAVA went down with nearly 17% and that is another indicator that a retrace should happen anytime soon. 2. KAVA has problems with liquidity which means that if you put a limit order it can get filled/sold in 1 wick around 1.7 3. BTC seems on the trendline, so don't expect immediate drop from here Summary: Entry - 1.5 Target - 1.7 SL - 1.47 Good luck!
Long
by stell_s1
KAVA - good R2R trade if resistance line breaks (LONG)KAVA has a very good R2R trade idea. Currently they are 3 main patterns which mix in different timeframes. 1) In 1D KAVA is in big H&S pattern and "blue" line in chart is the resistance zone. IF this breaks will be the best scenario. 2) On 4 HRs frame we have a good trendline which holds the current move from 24th. If this holds in next few days will be good indicator 3) Again on 4 HRs we have resistance line which mix very well with 1D H&S pattern. I want to see this breaks Trade will be like: Entry: After break and retrace to H&S resistance line Exit: 2.1+ (even higher if BTC holds) SL: ~1.82 Overall 2:1 R2R
Long
by stell_s1