KAVAUSDT trade ideas
🔥 KAVA Symmetric Triangle SpottedKAVA has recently seen some immense growth. Since then, the price has been consolidating and formed a triangle pattern. Seeing that the price grew immensely the 12th, I'm interpreting this triangle as a bullish continuation pattern. Looking at the current positive market conditions, I'm confident that we will see more of KAVA soon.
Happy trading!
KAVA Long Breakout Wave 2 + Fundamentals[ENG]Sooo Kava had some consolidation in a triangle pattern that is clearly visible on 1-2-4 hour charts after its recent breakout.
Fundamentals:
I don't think this is the end of the run as multiple good news surround the strong fundamentals of the coin.
-Increased AUM
-250k new users
-Record breaking adoption numbers
-Mainnet Upgrade 5.0
-Do your own DD to understand why coin behaves in manner X Y Z
-Huobi Integration grows
-Incentives on the testnet starting tomorrow
Technicals:
Fakeout Breakout pattern with limited downside.
Recognizeable patterns
I think here we have two possible entry levels.
I will be:
1) Waiting for confirmation on the 4h after a breakout over 6.73 and closely monitoring how the 1h candles to find an entry.
2) In case of a pullback i can enter at entry 2 points one at ~5.90 one at 5:30 that show limited downside and monitor price action.
SL's i will place below breakout or key resistance level to provide a good upside potential to the trade with a sizeable chunk of capital without much downside.
Not financial advice.
Curious to know your opinions :)
Keep calm and make money🔥Get ready, wolves🔥
There is a really interesting formation on KAVAUSDT.
There was a symmetrical triangle with all the ABCDE waves. Then there was a bearish impulse.
Now the price started to retest a new resistance zone and has drawn a flag pattern.
So bearish impulse bigger than before is expected.
Follow the chart and look for the breakout.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".