Long

KDA/USDT

Updated

-- Not a financial advice, please, do your own research --

Finally, we are observing break out of our downward resistance(Falling Wedge, reversal pattern) with some significant volume and multiple RSI divergences.
As for now, we need to await and see, how 1W candle gets closed(we still might end up with the fake break out).

I have DCAed at different price levels: 0.77$, 0.52$ and hold it for long term

If you have missed some recent KDA news and why I personally believe in project:
- ledger support
- increase of daily transactions volume(which signifies adoption)
- constant technical development

Note

Need to wait and check how 1W candle gets closed, however as for now, most probably, 0.3$ is incoming

invalidation, if 1W gets closed above 0.52$

Note

4H time frame, we have a Falling Wedge pattern. If we break it out upward, then we can potentially see 0.51$ area, which at the same time will form Double Bottom pattern with the target around 0.6$

Note

As for now, Falling Wedge is in play on 4H timeframe and we also have a Double Bottom on 1D timeframe, in order to proceed, we need to break 0.51-0.53$ resistance area and retest it after

P.S. I hold KDA for long term, as it is like ETH in 2015(not a financial advice, DYOR)

Note

3D timeframe, Double Bottom with the target 0.66-0.7$, if we break it and reach out target zone, then we can expect a re-test of our demand zone around 0.55$ and we should hold it in order to continue to grow

Note

Waiting for 1W candle to get closed. As for now, price is 0.518$, per 12H timeframe I can observe some accumulation. Not a financial advise but there might be a pump soon up to 0.7$(daily 200MA zone)

Note

Short Update: if we break our 0.5$ support zone, we can dive to our support area at around 0.45$

P.S. I am holding it long term and I am accumulating, not selling

Note

Price dropped with significant volume probably due to the hacker, who stole it from CoinEx

P.S. I keep holding and accumulating

Note

Basically we are currently in our Triangle pattern and at our local support zone(0.48$). It will be amusing if we pump from here after this fuel(massive sell orders)

Note

As for now. in order to proceed with our uptrend we need to break and stay above 0.51$, otherwise we can go to 0.45$

Note

If we can't hold 0.47$ support, then we can drop to at least 0.45$. Additionally, if BTC decides to get dropped, we might see 0.3$ on KDA

P.S as I mentioned before, I hold long term, only accumulate(solid tech project, decent team)

Note

Short update:

As long as we hold 0.45-0.46$ level - we are fine(accumulation). As soon as we break and retest 0.54$ level - we can potentially visit 0.7$

Note

Please, like and subscribe as it motivates me to post more ideas

Note

Sometimes simple "waiting" is the complexest thing. Patiently waiting until we break and successfully retest 0.54$

Note

Short Update:

If we are not able to restore 0.475$ price level soon and afterwards break 0.54$ resistence within this week, then most probably we will drop to 0.36$ level

Note

We are BULLISH

Note

Short update:

We are in a symmetrical triangle now(curr price is 0.512$), if we break 0.53$, then we can see KDA growing to 0.6$.

P.S I am still holding long term and daily transaction volume is increasing(253k now), which signals adoption and continuous development

Note

After breaking out of symmetrical triangle we went to 0.59 - 0.60$ area, where our 200MA on 1D timeframe lays.

As for now, we can see some correction, especially if BTC drops(I am not selling).

If we break 200MA on daily timeframe(0.601$), then we can expect a movement up to 0.75$, which corresponds to the 100MA on 3D timeframe

Note

Crucial moment, we either break 0.6$(1D 200MA), gather liquidity and grow to 0.7$ or the price gets corrected

Note

Short update, for now I would expect a movement to 0.7$ and correction after(up to around 0.5$), especially if BTC gets corrected. If this scenario plays out, then we can potentially form Inverted Head and Shoulder with the potential up to 0.9$.

Not a financial advise

Note

As I mentioned before, we have reached 0.7$, if you check 3D timeframe, you will notice we are kind of overbought( I am not selling!!! ), therefore, I am expecting some correction to happen soon.

Additionally, if you open 1W timeframe you will observe tremendous buy volume, which is an extremely decent sign for upcoming future.

Note

Correction is in play as was mentioned above. We can see a drop to the 0.53$ level and bounce after, which will form our right shoulder in Inverse H&S pattern with the first target of 0.9$

Note

Short update:

We might be forming our right shoulder, let's observe how our 3D candle gets closed, price now is 0.614$. If we get closed above 0.67$ we will have a BULLISH engulfing.
In general, the local target I am waiting is 0.8$(our local H&S patter's target)

Note

Binance and CZ fud and correction after.

As for KDA, 3D timeframe, we have inverted hammer candle(price is 0.58$). let's await and check the following 3D candle, whether we are forming a Right Shoulder now, if so, then we can see our 0.8$ target in the nearest time.

Also be cautious(I am not selling!!!), because BTC has several bearish RSI divergences, so potentially it can drop in price, which will trigger market correction

Note

Short Update:

Once we break 0.69$ area with successful retest, our target will be 0.85-0.9$

P.S if you follow my IDEA, I would really appreciate if you LIKE it or SUBSCRIBE

Note

Another Short Update:

On KDA we've reached 0.74$, it is almost 2D 200MA. What are my expectations now?

If you check USDT.D 1D chart you will see that we are kind of oversold now and we have a bullish divergence. For those who are not aware, when USDT.D chart drops in value - CRYPTO market grow, if USDT.D rises, then CRYPTO falls. As easy as it is.

BTC chart, we are currently overbought, especially after the news that MicroStrategu bought another chunk of BTC supply. Additionally, we have open GAPs on BTC CME Futures chart, on 39,500$ and around 20,000$ !!!

As for now, it makes sense if the market cools a bit down. therefore if you made some gains, do not forget to fix it.

There is no trade in history who went bankrupt after taking his profits. Always keep it in mind and "don't marry your bags"

Note

I sold 40k+ of KDA and I will be waiting for BTC correction, not a financial advive and I might be wrong about selling, time will tell.

Note

Guess, I was right when I decided to sell. As for now, I am waiting for BTC correction, in long term BTC will grow, otherwise, why would MicroStrategy buy BTC, right? I will update this post, once I re-enter t\he market

Note

I have rebought at 0.635$, expecting a move up to 0.96$

Note

Short update:

I sold again at 0.72$ and I am expecting the market to correct soon, therefore I will stay outside for a while, not a financial advice.

Note

I have just re-bought at 0.7$ area and waiting BTC to retest 45k$

Note

Sold again at 0.72$, waiting for a correction after we could not break our 43.5k$ resistance

Trade closed manually

Congratulations to all who holded and manage to earn. I will publish a new post after the market correction.

TradeYourLogic

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.