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Kava / TetherUS

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KAVAUSDT trade ideas

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 :)
Long
by IzakBlitz
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".
Short
by Berzerk_invest
7