Kava | Triple Bottom (The Altcoins Are Heating Up!)
Kava is making a decisive move just now as financial independence day comes to a close.
Here we can see a "bottom" being tested three times before a bullish breakout develops.
➖ KAVABTC hit bottom 5-August. This same low is tested again 4-September and then again yesterday. Needless to say, every time the support level holds strong.
➖ Today we have a clear bullish move that is supported by high volume. The fact that it is happening after support was tested three times in a short-term period and holds gives power to the bullish case. We can expect growth on this pair.
The targets on the charts are for the short-term to mid-term. Long-term there can be much more growth, because we are about to experience the first uptrend for this pair since 2021. It will be big.
The Altcoins are heating up.
Namaste.
Here we can see a "bottom" being tested three times before a bullish breakout develops.
➖ KAVABTC hit bottom 5-August. This same low is tested again 4-September and then again yesterday. Needless to say, every time the support level holds strong.
➖ Today we have a clear bullish move that is supported by high volume. The fact that it is happening after support was tested three times in a short-term period and holds gives power to the bullish case. We can expect growth on this pair.
The targets on the charts are for the short-term to mid-term. Long-term there can be much more growth, because we are about to experience the first uptrend for this pair since 2021. It will be big.
The Altcoins are heating up.
Namaste.
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