KDAUSDT trade ideas
KDA/USDT 15m timeframe- double bottom
- could range for a few hours then break out towards the top of the ichimoku cloud
- there is a bearish TK cross & a large gap between the conversion line and base line, but these 2 bearish indications could be invalid and cancel out due to the drop that has already happened.
- i believe KDA should recover in the next few hours
The next target for Kadena is 15.5 USDIn order for the trend to reach the 4th point, it needs to reach the resistance of 15.5. Considering that KDA is at the top of the altcoins with a bright future, t his target is not difficult to reach.
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Alternate view on kdaLast time i posted the idea of a ABC correction wave tl 8$ , folowed by a 5 wave impuls to 28$ to form a Shark pattern.
This time, it seems kda is moving into a triangle and might be doing a zigzag move to the bottem.
Seeing where btc is going, still very bearish, the suport at 40k held, i expect a bounce back to 43-45k and than range for a couple of weeks, but eventually btc wil bottem to 38k, eth to 2600 before turning around, and i expect kda to do the same. I dont see btc turning bulish in Q1.
So kda math might bounce from here top of buy range 8$, to top of triangle resistance at 12$ and a last dive to 6$. Im buying end of this week at 8$ (pbb thursday), ride the 50%+ wave to 12$, sell there, and buy back in at 6$, and from there hold till 2023. 6$ is Insane buy price.
Tp1 40 Q2
Tp2 80 Q3 bnb listing
Tp3 240 Q4 parabolic cycle top
No trading advice. Just alternate view on kda.
Kadena BUY SETUP Hi everyone if you like the idea or setup please give it a like and a follow
Here’s a requested analysis on Kadena
Seems to be a a good entry level at the time, market pulled back to our Fibonacci magic level of 0.61 completing its pullback, market hasn’t gone too far from the price since then and most times when markets move sideways it only means its accumulating and getting orders in and getting ready to move.
As always, Be patient, but don’t time the markets
KDAJust look at the scribbles. I believe it will go down long term this is just another opportunity to sell higher if it goes up. I was selling only in thousands previous peaks i will try tens of thousands now and rebuy for my dreamy lucky $7. Worst that can happen is sell for $15 and buy for $10. Those are achievable targets imo. I will might reach $20 after listing on Binance for now its crab season.
KDA 15m timeframe. Bullish or Bearish?mixed signals on the KDA 15m timeframe
- there has been a few candle closes in the red ichimoku cloud which indicates a leg up to the top of the cloud or above
- there is also a bullish TK cross which supports this move up
- but there is a large gap between the conversion line and base line which indicates a move down
- also a double top which supports the idea of a move down
i expect a move up as prices are low, people surely are buying the dip.
but who knows could go either way