$KDA Kadena above critical resistance!We are back above critical resistance, and seem to have successfully backtested it as support. Historically the next move will be 12$, and possibly a return the .886 to complete the bearish back before we see a correction. Real nice bullish divergence here and bull flag type behavior.
KDAUSDT trade ideas
Kda structure brake or bulltrapWith the recent btc pump thanks to Russia being banned from swift and Ukraine asking for crypto donation this was very bullish for crypto in general.
Btc hit the 44k ceiling, and kda hit 8$. Might continu to 10$. I didnt trade this move.
With this move, kda is currently breaking the weekly structure to the upside , possably invalidating the 5 impuls wave down, aiming for 10$ resistance (point D)(200mma), or even 16$ with a bat formation (point B).
But... i would remain very cautious.
Fundamentals:
1st: btc hit its 44k ceiling, so 8$ might be the top.
2th: main reason : sp500 is puting in a lower high, still under the 200mma daily, wich is very bearish for stocks, all these sanctions will not help, and its ready to make a huge dip, capitulation style wich will hurt crypto. Im still waiting for that HUGE capitulation like in december to 25 28k btc 3200 sp500, etc.
3th: fed in 2 weeks, huge event, huge volume. Buy the news (only 1 basepoint), sell the fact. I expect selloff.
4th: it could be a fake out, bull trap. Its possible its still a lower high, smaller wave 4, so we still have a wave 5 to do, usually the biggest.
5th: btc is at same level , but kda is still alot lower. The move is not very powerfull Except luna, all alts are not bought up as much as btc. Its not altseason yet. The king btc moves first, and right now, itS neurral.
While it might also be possible that kda changed from its faling wedge to a wickoff accumulation triangle between 5$ and 10$.(pink lines) This would be first signs of bulls fighting, we will have to wait and see to confirm this new structure
While many are aiming 20$ in a month, the dirction is still unclear and times uncertain. This could be a bulltrap. Enter cautiously.
I dont think we will hit our tp3 anymore, but tp2 at 4$ seems a very attactive place to load up.
I dont think the bottem is in yet as long as sp500 has not bottemed. Good daytrade times, but not to buy and forget. Im aiming 50% lower than we are now.
Don't fomo in.
Kadena : An overview of the bigger Timeframe... Kadena has been inside a huge falling wedge from its Alltime high. Asper Technicals, Falling wedge is a bearish reversal pattern.
Currently, We can see a falling wedge in the lower timeframe too. Breakout can lead to the Scenarios that i have marked using the Arrows.
Also if we break out of the major falling wedge, I expect a deadcat bounce. Also, It is always good to buy this gem using Dollar-Cost averaging at these very severely undervalued Prices.
Kadena short term oversold before bull take off 2022Kadena along with many other cryptos could see oversold positions until mid-March (Fed policy and Crypto regulations etc...) and then we could see a turnaround with Bitcoin leading the pack. As you can see Kadena has broken through this descending triangle which is a bearish pattern. If we respect this pattern we could see Kadena hitting a beautiful low of $2.50 which is an amazing entry point for anyone doing some DCA (dollar-cost averaging). If you use a Beam Band KDA could hit bottom and this is where the turnaround can come. We either break through this miserable sell-off or we go a little lower before we move higher.
KDA Impuls coming to an ENDThe ABC Correction Wave i mentioned in a analysis before is turning out to be a 5 impuls wave. As btc is likely to drop further kda will form this impuls and is coming to the green box, what i call the "all in" box. I guess we wont see the end of the green box. But cascade your entrys to be sure.
Good luck fellows :)
not financial advice
KADENA , Out of the descent !All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
📊 #KDAUSDT ( Kadena )
💹 Time Frame : Daily
🔵 Personal Opinion : HODL
👤 Saeid.Mahbob
📅 02.07.2022
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KDA - Moon soonHello,
here u can see, where Kadena will go.
Im very bullish on this one!
Take your bags before is too late!
Green is first support when we get there.
Red is first stronger resist.
Blue is way where we probably go.
Red arrow is launching way.
There is so much new on KDA coing out soon, which help us get from this place easily, than KDA will be unstoppable.
Ofcourse its all matter of BTC, but once we get from here, than even BTC wont stop us. :)
Update : kda EliotGot some request for a update.
Everything was allreadu in the last idea, but with the btc dump yesterday, we started the 3th small wave of the 5th biggerwave.
We are at suport trendline (wave 2). I expect it to brake to the downside in (wave 3), and bounce from the 4$ - 5$ suport trend line for (wave 4), and finish on the bottem.
Im hoping for the rsi to make a HL at the bottem and than a breakout of the huge triangle, to start the next bull phase.
KADENA Observation>>>>>>>>>>>>>Hello EveryOne
Based On the Chart By Saving Good Volume
Kodna Engages with the 100-day Moving Average, and given the Similarity move with Bitcoin, We can Expect it to move Higher once again after hitting the short-term trend line that forms.
One of the Projects that can be listed in the Top Exchange offices this Year is Kodna. Of course, These are all speculations.
PLZ RDOR
With gOOD hOPPING............>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Kda inner eliot waves of wave 5 to the bottemEverything in graph. Inner eliot wave count of the last big 5th wave from the 28$ top to the bottem bear impuls wave.
Wave 1 hit suport at 6,5$
Wave 3 will hit suport around 5$ (to finish the dsily rsi h&s)
Wave 5 : price bottem, final capitulation, rsi bottem, dca between 4$-2$ golden pocket.
Kda : the beaty of mathematicsKda being my n1 project for 2022, ive been folowing each and every move of this like a hawk.
We are nearing the end of the bear cycle in kda, so its time to have a plan for every option ready, so you can buy as cheap as possible. Buying 1$ lower in average will give almost 50% more profit at the end, so this is where all the money is made and the most important part that will influence your ROI.
And even though i already have identified some prices where there was action before and could be of importance.
Now by backtesting the first waves something stood out: 2 exp x. 2, 4, 8, 16, etc.
Wave 1 : abc a : 16$ b: 33% higher c : 8$
Wave 3 : abc a : 8$ b: 33% higher c : 4$
Wave 5 : abc a : 4$?? b : 33% c : 2$
So if history repeats this is what wave 5 would look like :
End poin a small wave at 4$, was previous low, so i wouldnt be surprise if the past low, provided suport for the b wave bounce, up 33% (tradable), end of small wave c at 2$. 2$ was a big price on the way up to 28$, there was lots of action, bull/bear pulling.
I think from the 3 possible tp for the bottem, 2$ might be it if history repeats.
I'd say :
10% chance its 5$ bottem
30% chance its 4$ bottem
60% chance its 2$ bottem
This could be a possible dca option. It would give around 3$ average buy in.