Double double bottemKda didnt pump to the top of the trendline, but turned around at 10$, to retest the 8$ bottem, where we are seeing suport. This is the 32134345th time the 8$ held as support.
We now have double bottem on the 4H
We have double bottem on the daily
We have a bullish divergence on the rsi
I think its fair to say, we are starting to see a momentum shift. Not saying it couldnt go lower, but looks like kda could slowly start to turn bullish again from here. We could see a wickoff acumulation in the 8 to 10$ zone, till the trendline is broken , to start the next bull move.
I filled 80% of my bags between 12$ and 8$.
Im keeping 20% just in case it dips to 6$.
KDAUSDT trade ideas
KDA/USDT ( Kadena ) Bull Flag so I am Expecting $50 soon#Kadena/USDT Bull Flag:-
$KDA chart is looking Super bullish imo.
Trading price:- $12.60
This is Very big Bull flag so Target also very big.
Breakout Point= $12.50 ✅
Retest = $10-$11 Waiting
Targets:- $16.20/$24.50/$50
As per chart $KDA already broke the resistance of Bullish Flag.
And Now searching best Retest level before Fly up.
Support:- $10–$11
Resistance:- $16.20/$24.50
KDA Still Potential to hit $50 Club because now $9 Price#KDA/USDT TA Update:-
$KDA currently trading at Very strong support.
I am expecting Bounce from here.
We already buy some at $11 level.
I am buying some at $8-$9
Always buy Partially.
Now..?
If bounce from here then we can see First Stop will be $16 and 2nd Will be $24
Stop Loss:/ If any daily candle close below $7.80 then Exit time.
Already-72% down from recently ATH.
KDA/USDT 15m timeframeaccording to an Elliot wave;
- KDA could have a leg up to the first target area (orange arrow) which is between the 0.5 & 0.618 fib levels of the Elliot wave A length
- or KDA could retrace to the black line which is the 1.618 fib level of the wave A and then bounce up
- also there is a bullish TK cross
- 2nd target area is the top of the ichimoku cloud which would be valid if there was multiple candle closes in the cloud
KDA/USDT 15m timeframe- double bottom
- could range for a few hours then break out towards the top of the ichimoku cloud
- there is a bearish TK cross & a large gap between the conversion line and base line, but these 2 bearish indications could be invalid and cancel out due to the drop that has already happened.
- i believe KDA should recover in the next few hours
The next target for Kadena is 15.5 USDIn order for the trend to reach the 4th point, it needs to reach the resistance of 15.5. Considering that KDA is at the top of the altcoins with a bright future, t his target is not difficult to reach.
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Alternate view on kdaLast time i posted the idea of a ABC correction wave tl 8$ , 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