$KDA Kadena Major breakoutKDA is breaking out here after bullishly engulfing off a critical resistance and backtesting the point of control as support. We are back above the 7.05 level which is major! This is an open trade, and holding here will likely lead to our next price level at about $12-14 next. We could go as high as the .618 reasonably irregardless if the macro trend has truely shifted like i believe it has.
Looking at the larger wave structure of the Cypher here, one would consider taking profit at $23 at the .786, even though we are continually seeing these Cyphers react at the .886 during volatility.
