KAVAUSDT trade ideas
✴️ Kava | Cryptocurrency Trading Made Easy: Plain & SimpleLook at this "inverse" signal.
We are going to look at the positive on a negative.
KAVAUSDT Weekly:
8 weeks straight closing red.
After mid-May we had 3 weeks red followed by a bounce, 1 week green and then the eight consecutive red weeks.
This is good as now the bias turns bullish.
Notice the size of the last candle and also the long lower wick.
Now we focus on the daily timeframe and we can easily see that this strong bearishness is over.
The RSI went oversold and the last three days have been green. While this isn't much, it is still the best Kava has seen since June.
This is a full flush and now the potential is up.
Stop-loss = low risk.
High potential for reward.
Meaning, if it drops, you stop the trade at a small loss.
The drop is low probability but can still happen.
If it goes up, we have a winner and the upside potential is huge.
Buy low/red/near support.
Sell high/green/near resistance.
Plain and simple.
Namaste.
KAVAUSDT is testing the dynamic supportThe price of KAVAUSDT is currently in a critical technical situation with regards to its support levels:
Dynamic Daily Support: The price is currently testing the dynamic daily support level around the $0.84 area. A dynamic support level is often associated with a moving average or a trendline that reacts to recent price action. Testing this level indicates that the price has found some form of support in this region.
Weekly Support: Additionally, there is a stronger support level at the $0.75 area on the weekly timeframe. This indicates that historically, the price has found significant buying interest around this price level, preventing further downward movement.
Given this situation:
If the price manages to hold above the dynamic daily support at $0.84 and potentially bounces back from this level, it could signal that the support is still valid and that buyers are active in defending this price zone.
However, if the price loses the dynamic daily support at $0.84, the next area of potential support could be the $0.75 area, which is the weekly support level. This level has a historical significance in terms of price reactions.
In the event that the $0.75 support level also fails to hold, the next possible area of interest for traders might be around the $0.5 area. This would be based on the assumption that historical price action might influence market behavior around this level.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
long kavaHow to Trade Using the SMC Trading Strategy:
We would learn Smart money entry patterns and methods such as:
SMC Reversal Entries
How to identify valid CHOCH.
Major and Minor change of character (CHOCH)
Aggressive Entry setup
Entry Methods:
Firstly let us examine the entry method we can use in the SMC trading strategy. Smc entry methods are divided into two major subcategories namely:
The reversal entry method
The continuation entry method
The reversal entry method can further be divided into two namely:
Change of character (CHOCH) or change of market structure.
Flip entry setup.
KAVA Long idea In the ever-evolving realm of cryptocurrency, where fortunes flicker like distant stars, Kava emerges once again, inviting traders on a fresh journey of potential gains and exhilarating market maneuvers.
Picture the chart, a line of time etched with the memories of past movements. A channel, like a road leading to possibilities, draws our attention. It’s not just an ordinary channel, but a path that has proven its significance in the dance of prices. This channel, like an old friend, has seen the rise and fall of trends, and now, it beckons us once more.
Step back for a moment and ponder the Stochastic indicator, that little oscillating wonder. It's in a state of rejuvenation, its readings bottomed out. It’s as if the market's heartbeat has found its rhythm, preparing for a new pulse.
As we study this chart, the Fibonacci 0.786 level glows like a beacon. A level where altcoins seem to whisper secrets, it's a place of interest, often a playground for significant actions. Just as Fibonacci numbers spiral through nature, they spiral through these markets, guiding us.
But there's more to the story. Imagine the On-Balance Volume (OBV), a silent observer of market movements. Divergence, like a symphony of intrigue, plays its tune. It’s as if the market is telling us a story, a narrative of potential. It's this divergence that piques our interest, suggesting that hidden possibilities might be unfolding.
And then there's volume, the voice of the market, its fluctuations as significant as a conductor's baton. For this swing to work its magic, the crescendo of volume needs to accompany the upward movement. It's the signal that turns a solitary move into a symphony of momentum.
This tale, my friends, is not just a glimpse into a crystal ball. It's a calculated dance of data, a thoughtful strategy that beckons you to seize the potential while protecting your capital. As we embark on another swing long trade, armed with knowledge and insight, we brace ourselves for the next chapter. The markets shift, the numbers change, but the essence of trading remains.
As Kava extends its invitation, it's time to write the next verse in the saga of potential gains. Gather your wits, adjust your strategies, and let the journey continue. Set your stop-loss, a safeguard against unforeseen tides, below the 0.7815 mark. It's a strategic move to protect your capital, even amidst the allure of profit.
So let the path be navigated with both caution and courage, for risks are managed, and the potential for gains remains.
KAVA TO 1.6$ Short term The current analysis indicates that KAVA is currently exhibiting a macro fib channel pattern. A historical pattern has been observed wherein, upon reaching the defined gray area at 0.508, the price has experienced a substantial rebound. Based on this historical precedent, there is an anticipation of a similar price rebound from the aforementioned level.
Consequently, our recommended target prices (TPs) for this potential price movement are as follows:
1. The first target is set at $0.97, representing 23.6% of the fib channel range.
2. The second target is established at $1.28, reflecting 61.80% of the fib channel range.
3. The third target stands at $1.6, equivalent to 100% of the fib channel range.
These target levels have been determined by carefully evaluating the Fibonacci retracement levels, and they align with historical price behavior and key technical analysis principles. It is important to note that these targets are based on observed patterns and historical data, and as such, it is recommended to continually monitor market conditions and adjust strategies accordingly.
KAVA - Higher probability of a breakdown
Kava has consistently faced rejection in all its attempts at an upward breakout, whether at the 1.2 or 1.4 resistance levels.
While the ascending green trendline could provide temporary price support, the prevailing probability points towards its eventual breach, initially aiming for 0.677.
There are currently no signs within the price action to consider a long position.
KAVAUSDTHello Traders,
The current condition of the KAVAUSDT pair at its 4-hour support
you can long position.
but has not bounced back or retested the area.
there is potential to make a falling wedge but a lot of noise for this pair
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KAVAUSDT LONG/SHORT Just a simple Idead As the BTC is Playing tricks Some Alts Says i will Pump
One among is KAVA
JUST DO the RIGHT research B4 investing
These are my Small ideas... i am a Noob ... i have only 5 yrs on these ...
NAFA n DYOR
My chart will be simple... I don't have access to Pro indicators... it will be simple
Thank You
#KAVAUSDT #LQR #TOBTC #LaqiraProtocolDue to the bearish strong of candles . there is a possibility of further correction in the specified support zone of the fib cross and static levels. you can open a trade after confirming and matching the bitcoin levels. This analysis is not an offer to buy or sell