Kadena / TetherShort
KDA down trend
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KDA after hitting to its ATH on Nov. 2021 at $28.30, started a long joyrny of rolling down, and now reached to $06.75.
Yesterday KDA, made an sharp move and started on $6.04 static support line, and midline of the down trend channel, not only sharply broke $06.80 & $08.22 resistance levels with a daily candlestick, but also it broke the dynamic resistance line of the trend. notwithstanding surge in price which caused strong move, but shadowed down so it could not make the confirmation candlestick above the trend line, which is not a good sign.
due to highly volatile nature of the market especially these days, it is highly recommended to enter any positions with extreme cuation.
BTC is making a symmetrical triangle which may end to a very sharp and bearish crash down to 35k and 30k support zones which highly affect other altcoins and KDA will not be an exception then.
This is a personal idea, and I am not a financial adviser.
KDA after hitting to its ATH on Nov. 2021 at $28.30, started a long joyrny of rolling down, and now reached to $06.75.
Yesterday KDA, made an sharp move and started on $6.04 static support line, and midline of the down trend channel, not only sharply broke $06.80 & $08.22 resistance levels with a daily candlestick, but also it broke the dynamic resistance line of the trend. notwithstanding surge in price which caused strong move, but shadowed down so it could not make the confirmation candlestick above the trend line, which is not a good sign.
due to highly volatile nature of the market especially these days, it is highly recommended to enter any positions with extreme cuation.
BTC is making a symmetrical triangle which may end to a very sharp and bearish crash down to 35k and 30k support zones which highly affect other altcoins and KDA will not be an exception then.
This is a personal idea, and I am not a financial adviser.
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