KDAUSDT trade ideas
KDA side trendHello trading view community, should you like this analysis please support with likes and comments. Thanks.
KDA during past 10 day struggling on $6.21 support level. At on hand, It seems that this support zone is strong enough to prevent KDA from crashing down, and on the other hand it indicates obviously that traders (smart money) has not come to any conclusions, so trend is switching from down to side.
KDA, may form a drop, base drop. or due to the current uptrend of the maket, we may observe a drop base, rally, which is a highly senario for KDA, so when ever we notice any movements toward upside especially after breaking $6.66 resistance level, will be a good point to enter to market and we may hope that KDA in its first step surge toward $8.00 resistance zone.
This is a personal idea, and I am not a financial adviser
💥Kadena is approaching target at $5.50Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
With respect to my previous forecast on kadena. I said it’s either we see a rise to $8.10 or a fall to $5.50.
Kadena obeyed the bears and broke out of the lower trendline. Since my last call, price has fallen by 11% from $6.79 to $6.0756.
As seen here, kadena is still falling to the target price at $5.50.
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KADENA USDT in an Overview>>>>>>>>>>>>>>>>>>>Hello EveryOne
KADENA is on over sale nonw
But in the RSI indicator, we see a Small Divergence in the Daily time frame
I expect correction to the strong Support Area I marked in the chart
In any case, by being listed in BINANCE Exchange, as I Said in the Past, we can expect KADENA to be listed in some of the Top Exchanges this Year.
The Lines Marked in the chart can be Considered as Resistance Area
With Hopping Success>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
KADENA - TO RISE TO $8.10 OR FALL TO $5.50Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
We have two different pattern on this chart. The first pattern which is a descending triangle indicate a fall to $5.50.
The second pattern which is an ascending triangle indicate a short fall to the lower trendline before a rise to $8.10.
We need a confirmation with either a rejection or continuation on the lower trendline to be sure of kadena next direction.
What do you think?
Share your opinion in the comment section✍️
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KDA down trendHello trading view community, should you like this analysis, please support with likes and comments. Thanks
KDA after hitting to its ATH on Nov. 2021 at $28.30, started a long joyrny of rolling down, and now reached to $06.75.
Yesterday KDA, made an sharp move and started on $6.04 static support line, and midline of the down trend channel, not only sharply broke $06.80 & $08.22 resistance levels with a daily candlestick, but also it broke the dynamic resistance line of the trend. notwithstanding surge in price which caused strong move, but shadowed down so it could not make the confirmation candlestick above the trend line, which is not a good sign.
due to highly volatile nature of the market especially these days, it is highly recommended to enter any positions with extreme cuation.
BTC is making a symmetrical triangle which may end to a very sharp and bearish crash down to 35k and 30k support zones which highly affect other altcoins and KDA will not be an exception then.
This is a personal idea, and I am not a financial adviser.
KADENA , To where 🔛KADENA
🔖
As mentioned in the analysis some time ago, Kadena was in the $8-8.5 resistance range and was able to break the resistance the previous time and activate Target 1 as expected.
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But due to the collapse of the market, Kadena also could not maintain the broken resistance and stabilize above it, and fell again to the range of $6
It is expected that after several clashes in the past, this resistance will soon be broken and Kadna will reach prices again at $8.5 - $10
🔆
But a bearish scenario is also possible and if lose the range of $5 -- $5.5
Descending targets will also be activated and the price can be reduced up to $3.5!
Let's see what happens ..
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All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
⚠️ This Analysis will be updated ...
📊 #KDAUSDT ( Kadena )
💹 Time Frame : Daily
🔵 Personal Opinion : LONG
🎯 Next Targets : $8.2 — $9.2 - $10
👤 Saeid.Mahbob
📅 12.Mar.22
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KDAUSDT BullishToday the world volume leader crypto exchange Binance list Kadena the crypto smart contract blockchain what have an 480k tps and secured with PoW and if its not leader for more its transaction fee free.
On the analysis i used my own indicators the orange line is an special ATR, the white is based on Volume, and the red and green line are Di- and Di+. All of them break or breaked the bear trend.
The Bulls are targeting round level of $10 above triangle pattenThe Kadena coin price has been trading into the symmetrical triangle pattern for the past several days.
The daily price chart of Kadena is above the 20-day moving average.
the coin has immediate support at $4.50, and the resistance sits at $16.50. But for the current scenario, the coin's price will have to break out of the triangle pattern for confirmation.
The Kadena coin price is still trading above the EMA Ribbon indicator. But it seems that bears are attempting to breach the daily price below the Red lines as well as the 200-day moving average (yellow line).
Stoch RSI is holding higher in the overbought zone with reference to the daily price chart, where K is at 88-point and D is at 91-point. On the other hand, Stoch RSI formed a bearish crossover today. It remains to be seen whether the bears break out of the triangle pattern with the help of the Stoch RSI sign.
Conclusion
The Kadena coin price trend is creating a little confusion for the traders. There will be two conditions; if the price breaks the symmetrical triangle pattern on the upside, we can see fresh all-time highs; On the other hand, if the bulls fail to maintain the price above the chart pattern, the bears
Support level - $4.5 and $2.5
Resistance level - $10 and $16.5