KDAUSDT trade ideas
KadenaThe past month has been bullish for KDA, netting a near +200% move Month to Date; and well over +1000% since the beginning of August.
Currently showing signs of slowing down (daily pinbars at resistance // wicks) from a 1D view as price has made a weekly retrace of 50% and an extension to -615%.
Usually this is a pattern completion and from here price either returns to the -27% or 0% zones to find support to continue the move or consolidate for a bit and form a new accumulation pattern.
Worth mentioning is that price had been respecting an upper resistance trend line which was broke, and is now forming on the 4H higher lows and equal highs (ascending triangle) which is a bullish pattern. While this does suggest trend continuation, it would be best to enter after confirmation - rather than entering at such a vulnerable zone where the R:R is against you.
Other technical aspects to keep in mind include KDA/BTC and its strength and also the fact that the elephant in the room..the wick from the KuCoin open, does it suggest where price can eventually reach again? Who knows.
Fundamentally I got no clue what KDA does exactly and I've went over the team and it includes people with successful backgrounds ranging from The SEC Crypto Committee to the most cited person on the Bitcoin white paper.
Id take it with a grain of salt because damn near every project has people that have been previously successful - which doesnt correlate to their current venture resulting in the same..dyor.
KDAUSDT Next Target After ConsolidationHey everyone! This is another asset I mentioned to my followers previously. As you can see, I have been charting its consolidation myself for quite awhile now. It has already ran 100% Since I mentioned it previously. I should also mention the nice hidden bullish divergence on the oscillator. I particularly l like this asset because the founder of KDA actually created the technology Satoshi used for BTC. Anyways, this target was created from the breakout and if you look at the larger timeframes, you can see it is just getting started. I expect a very good run on this due to the long basing pattern it created. This is just the first target of many!
Thank you very much everyone!
KDA Kadena Bull flag in play on 1D !Kda is the strongest project out there having all qualities which should have in a block-chain ( scalability , security & decentralization ) !
Recently price went to the moon and it formed a bull flag on daily time frame - good news is it broke the bull flag and retested the support am looking for a ATH and price above to 10$
Ps:- NFA ! this is my observation on tha charts !
Kadena Ranging based on Resistance and support BandsKDA looks like its ranging between 5.75 and 7.50 ish range.
Noticed a double top, but support has lots of buying pressure at 5.75 ish
Unsure what would happen next, but it seems like itll range until a catalyst steps in ?
Ranging, not Trending\
Chart looks oddly similar on the 1h and 4h.
1 day chart looks like lower highs and lower lows on the wicks, but the candles seem to be engulf each other, with trend breaking mid sell candle... not sure what this means.
RSI is over 60 on the 1 day, but not on 1h/4h.
KDA, beautiful project! Let me enlighten you
Sometimes trading all time highs must be difficult but let me explain to you why sometimes buying high could help you go higher
First off, we could see a flag or a decending broadening wedge here
this confirms that if we break the daily supply zone, then the technical target is 64% up. around 11.6$
KDA Established a demand zone, around the 5.4 area. (Good grab if you ask me)
Volume is super decent, i like it.
Now, keep watch first and see if it will break this flag.
if it rejected that sell supply wall, you can fill your bags at the daily demand.
Overall, project is amazing :)