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?
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