KDAUSDT trade ideas
KDA - M PatternWe can see that our KDA trend is starting to stall out after going on an almost 100% rally to the upside. Our old support (green arrows) is currently acting as new resistance (red arrow). Taking a short here gives a good RR with the SL being above our last high. If we break our neckline of $2.80 we could see a move somewhere near the $2.40 level.
KDAUSDTHello everyone, I chose this currency because it has had a good profit percentage in the last two days. I took a short position in the downtrend channel because the price hit the ceiling of the channel and broke the channel and the price returned to the trend. It was an incomplete failure. On the other hand, I got the profit limit in the midline because the time frame is 4 hours, so that the time frame and the profit limit are rational. I took the loss limit to Rivard a little higher than the previous shadow, considering the risk. Be successful and professional.
Kadena and Elliott wave ruleSeeing this chart makes me confident we're seeing Elliott wave alternation rule playing out. If one correction is flat, the other is a zigzag and the other way around. Also impulses after a flat corrections are often (but not a necessity) more agressive. In this case it was. Don't expect a degree of same impulse in the 5th wave.
1. To be noted sideways movements happen in a form of flat corrections, triangles etc. and last longer than zigzag sharp corrections. In our case, second wave is a clear running flat correction and lasted longer than a sharp.
2. The other thing is that sharp corrections are deeper than flats. So even if we take this case from COINEX and all the wicks, the flat is still a bit shallower to sharp one.
Hopefully this panic is the bottom. If it is, the most rational thing would be to chop and slowly grind up. We also tested previously untested support. All Elliott wave rules are spot on. We could go lower, but not much more.
Also watch out for the $4,4 price are. If we smash it, it's game on.
KDA updateHi all,
Back again with my favorit crypto to TA.
Like expected the last BIG 5th eliot wave down E got us to the TP3 of 1,5$. I was bussy and missed the buy opportunity. Gratz on the x2 for those wo took it.
Wave E is clearly finished. We see the 5 innerwave 12345 down to 1,5$ and big volume increase, witch often signals the bottem. Stupid i missed this easy 2x.
We retraced back to the resistance trend line, but rsi got oversold and we got rejected. I dont think we will brake it now, macro still not enough change.
On the daily rsi we went from 15 to 40, so any drop in rsi even to 35 will give a big down move.
My idea: i think we need a bottem confirmation pattern. Either a double bottem (if we go back down to 1,5$) or a inverse H&S (if we go to my final tp of 0,75$, that will be the head). That will be a excellent dream buy area.
TP1 = eliot wave trendline
TP2 = bear channel trendline
I dont think we will go to 0,75$ now. Btc/eth/sp is close to bottem allready. I see a bat pattern playing out.
Other option if im wrong, we retrace a bit to 2,5 -3$ area, go back up , break the trendline and go straight to the top of the channel, but its a low possibility.
ALMOST AT THE BOTTOM - (KADENA UPDATE ANALYSIS)Carrying on with our series of analysis on Kadena(KDA), our search for the bottom is nearing it's end hopefully.
In our previous analysis we identified a falling wedge pattern that could signal a reversal to the upside for kda, however it failed to do any good. Analysis with updates shown below(refer for context);
While we now have our buy region of $2 finally, are we bottomed out yet?
Referring back to our original analysis shown below, we pointed out the $1-$0.9 region to try our luck for volatility for an alternate entry;
This level is in line with the golden pocket.
Other Ideas:
Bringing us to this point in time.
KDA has broken back into its channel up, and also a rising wedge in the process. Our volatility region falls in line with the bottom of the rising wedge structure and the golden pocket. If that were to break then we simply cannot rule out bottom of the channel as a possible price target where we also have strong horizontal support.
Targets will be revised if needed depending on where price finds support.
If you've benefitted from this series of analysis so far, I'm happy it was helpful.
If you agree, pls like share and comment your thoughts below.
As always, feed back is appreciated!
Bitcoin will play a huge role in determining the outcome
Where I am personally looking to buy, very oversold.Watch bitcoin very closely. KDA is now in the dollar region which means demand is starting to get high. 1.5-1.4 dollar region to ATH zone is a nice grand total of over 15x your investment (ofc I would take profits before then). Again, watch bitcoin, wait for the flip. I am not a financial advisor and make sure you are using your own indicators and knowledge. This is just where I am looking to buy ONLY if Bitcoin looks ready to flip, otherwise 1 dollar is even better for my next DCA. Assuming BTC drops to 26-20k we will see KDA in the dollar area. Keep an eye out and don't risk it for the biscuit.
Btw, I am not an experienced trader (few months now) this is my first chart. I'm just sharing my simple buy zones for now with a clean simple chart. I have made decent profits. I always wait for BTC or a trend reversal before buying and set stop-losses. If your plan is to DCA and hold, this is not a bad time to buy (give it some time, though, we are currently bearish). Again, not a financial advisor and only my opinion.
Looking for possible buy on green line.
Finally reached TP3. Check my idea from februari and comments.
I was expecting 28k btc and 2,5$ kda after fomc
We made it to tp3. The wife changing money zone.
I expect sp500 to bottem at 3900$ , maybe wick to 3800 tomorrow, wich should put btc at 28k and kda at 2,5$.
If you believe in kda longterm, its time to start dca in.
2$ average price should give a nice entry for the next cycle. New blockchains often do well, as they are not known by the broad public , yet they offer good safety against rug pulls. Kda and One could do very well IF they can survive the cryptowinter.
KDA DCA TargetThis chart based off of The Elliot Wave Theory, Head/Shoulders, Fibonacci, MacD, RSI, Momentum, and resistance/support zones. KDA still has more downside to go. The height percentage of the head and shoulders is calling for a 80% retracement from the neckline. We have about 40% left to complete that retracement. Momentum and RSI are still calling for more downside as well. The next buy zone will around the $2 zone. If this area doesn’t hold, look to buy around the $1.60 zone.
KADENA - UPDATE! (FALLING WEDGE👀)In our first Kadena (KDA) analysis we predicted the drop from ath's and identified buy areas to scoop up a few as shown below:
After getting our DCA zone we then updated the chart again but have had a hard time getting our Wife Changing Money Area ever since:
In this update, from the chart above, we can see that price has managed to form what looks to be a falling wedge pattern which we failed to take note of the previous analysis. Pray this be a falling wedge pattern, we can expect price to touch support once more before heading for a breakout (as we know a pattern of this sort usually has it's breakout moment near it's apex).
Note that it can be both a continuation pattern and a reversal pattern, so make sure to use a stop-loss if you aren't in it for the long haul.
Should that not be the case, we can expect to continue our Dollar Cost Average Strategy till we get our WIFE CHANGING MONEY ZONE
- 19 year old
If you like what you see, pls leave a like, share, and comment your thoughts below.
As always, feedback is appreciated!🙏
TP2 hitBeen some weeks, but we finally hit TP2 ar 3,5$.
Price bounced off exactly at the support.
Chart is now several months old, but still valid.
Now at the same time, btc and eth hit support trendline, sp500 hit support, everything is on the edge of collaps now. Its decision time. FOMC will either push it over the edge. I expect, buy news, sell fact type of moment. I could see a bounce after fomc meeting.
So, Either it breaks and everything from stocks, gold, oild, crypto plunges into the abyss
OR
we temporarely rebound and kick the can further down the road.
We are going to crash HARD, the question is when, not iF but even than market offers trading/swing options.
If support holds we can see a rebound from the 3,5$ zone into the last accumulation zone.
If support breaks, 2$ and maybe a wick down to 1$.
My platform doesnt allow trading kda yet, just buy sell without a SL. But here is what I would do : swingtrade the rebound if it holds , buy the bear bottem to hodl longterm if it doesnt
Buy 3,5$ , very tight SL at 3,3$ , tp 5,25$ for 50%
Buy dca sub 2$, hodl till top next bullrun (80$-100$)
Kadena vs. SiaCoin in 2017Been following these two charts like a predator. Extreme resemblances.
Same reactions. ABC seems to be finished and we're hopefully finishing our wave 2 before a massive move up. Looking to hold this current area. Tough days ahead of AMZN , AAPL earnings today and FOMC next week.
Looks promising.
KDA falling wedge#KDA/USDT
$KDA is inside falling wedge pattern.
🐮 holding support zone can head up price to break out from upper line of wedge to reach resistance zone that is the same with descending trend line parallel to lower line of wedge.
break out this resistance can increase price to resistance zone between 0.5 and 0.618 fib levels.
🐻 break down from current support zone will drop price to lower line of wedge.