KADENA / BITCOINLong
Kadena to make bitcoin look like a stable coin
KDABTC has a clear rising wedge structure and since it is at support the next move is primed to be to the upside. There is a lot of hidden bullish divergence on the RSI and MACD (and a host of other indicators) and the Stoch is showing momentum is breaking above the 20 level, which shows price is technically coming out of a downtrend on the weekly timeframe
Drilling down several time frames, there is a inverse head and shoulders on the 4 hour that developed over the last 10 days. There is a strong possibility that that structure marks a the swing low and the price action will now go below that structure again.
Price is poking above the orange trend line and if we can hold that break on the weekly time frame with a whole candle body above the gains are practically in the bag with some patience.
This orange trend line also intersects the wedge support lower down and price action could see a retest of both on a pull back.
KDAUSDT is in several bullish structures. First is a 50-day ascending triangle it is breaking out off right now
And that ascending triangle is at support on a rising wedge that KDAUST had already broken out the top off before returning to support. I see KDAUSDT setting new all-time highs continually over the next several years.
Drilling down several time frames, there is a inverse head and shoulders on the 4 hour that developed over the last 10 days. There is a strong possibility that that structure marks a the swing low and the price action will now go below that structure again.
Price is poking above the orange trend line and if we can hold that break on the weekly time frame with a whole candle body above the gains are practically in the bag with some patience.
This orange trend line also intersects the wedge support lower down and price action could see a retest of both on a pull back.
KDAUSDT is in several bullish structures. First is a 50-day ascending triangle it is breaking out off right now
And that ascending triangle is at support on a rising wedge that KDAUST had already broken out the top off before returning to support. I see KDAUSDT setting new all-time highs continually over the next several years.
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