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KDA / TetherUS

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KDAUSDT trade ideas

DAILY BEAR DIVERENGENCE - Kadena! Anticipate a minor correction for Kadena; Shown on the larger timeframe the daily and already confirmed on the 12hourly; precursor to the daily; Bearish divergence; if a pull back occurred; I do expect the 20EMA daily to hold as support; From end of July to November we've experienced over a whopping 8000% gain on Kadena; A pull back regardless, especially at this level is 101% healthy for further continuation upward. Shown on the Fibs; if our pull back is the 20EMA; our next impulsive wave to the upside is very fruitful indeed. I do vision we are going through Elliot wave theory and coming to a conclusion for our 3rd wave; and entering the 4th wave corrective phase. End of the day healthy markets work on wave forms. Thoughts on this?
by VETXRPEGLD
KDAUSDT| Key Levels| Price Action Range| Trend| Volume Evening Traders, Today’s analysis – KDAUSDT- trading in an established uptrend with strong momentum, Points to consider, - Price Action Impulsive - Daily S/R Support - Price Action Ranges - Volume Influxes KDAUSDT’s immediate price action is trading with a bullish structure with string expansions, allowing for a bullish bias. The Daily S/R support levels tend to have ranges, allowing for consolidations before stron bullish expansions. The current volume profile has an influx, climatic node will be indicative of a temporary top, this is yet to be seen. Overall, in my opinion, KDAUSDT is a valid long after some consolidation, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Long
by The_Alchemist_Trader_
2