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KAVAUSDT trade ideas

Brief Analysis —— KAVARecently, cross-chain bridges such as Multichain and PolyNetwork have been attacked, causing losses of millions of dollars. As a protocol that connects the liquidity of different chains, it is particularly important for the crypto industry. Today we will take attention on FTM/USDT, MULTI/USDT and KAVA/USDT, which affected by the attack of Multichain. Although it is not obvious, you can still find that KAVA has been fluctuating within a range since January. The price returns quickly after breaking out of the range. In the short term, the range has narrowed since late June and enlarged on Jul.10. Two long green candles pushed the price to the upper rail of the black angle with increased trading volume, but the bears strengthened, and two red candles kept the price back to the range of the previous few days. Conclusion: The high probability decline has not ended. Different from the bulls rising after the fluctuation, the bears strengthened after the bulls strengthened, forming a V-shaped reversal with the same slope. Bears have the lead. Volatility increased and the price is approaching the lower rail of the angle. We think that the price has a high probability of falling and breaking through the lower rail of angle. But on a large scale, we believe that the original range will still be followed. We maintain the resistance level at 1.2 and the support level at 0.72, which is the previous range. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool
KAVA Road Map🗺️!!!Hi everyone👋( Reading time less than 2 minutes⏰ ). If you want to invest in Kava(KAVA) , I suggest you read this post. 🌐 What Is Kava (KAVA) ❗️❓ Kava is a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava was built from the ground up to optimize its resources for protocol growth, strengthened by its Cosmos EVM technology that enables maximum scalability, speed, security, and developer support. Builders on Kava earn a share of Kava Rise's $750M developer incentive fund via the program's blockchain-based distribution method, designed to reward the top protocols every month based on usage. ----------------------------------------------------------------------------------- Kava started to fall after completing the Diagonal pattern and breaking the lower line of this pattern. The structure of Kava fall waves is in the form of five impulse waves . Kava now seems to have completed the main wave 4 on the downtrend line . 🔔I expect the main wave 5 to end in the 🟡 Price Reversal Zone($0.525-$0.359) 🟡 and it will be a suitable area for mid-term investment. Kava Analyze ( KAVAUSDT ), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
19
KAVAUSDT Short Bearish Will Go deeperKAVA price failed to break out during the weekend but is still trading inside a long-term bullish pattern. The crypto market had a bullish performance last week. However, a short-term bearish reversal began near the end of the week and continued during the weekend. The KAVA price has increased alongside an ascending support line since the beginning of the year. More recently, it bounced at the line on June 15 and began a sharp rally. While KAVA reached a high of $1.28 on June 25, it failed to close above the $1.15 horizontal resistance area. Rather, it created a long upper wick (red icon) and fell. These wicks are considered signs of selling pressure since buyers could not sustain the price increase. Despite the drop, the $115 area and the ascending support line together create an ascending triangle. This is considered a bullish pattern. So, a breakout down from it is the most likely scenario. strategy bearish sell only
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by DaveBrascoFX