KDA 5 wave theory
I believe that we finished our first motive wave early November, with the 5 waves up(the 5th wave seemed to be the extension wave instead of the third, which explains the dramatic retracement from ath). I believe we are currently in the 2nd correction wave down which I believe should take us somewhere around the 0.786 for the third leg down -- correlates to a major support KDA has although it doesn't have much support since it went pretty quickly up.
Assuming that'd be the end of the retracement, we would start our third wave up -- I charted the c wave as the extension wave with the ending being at the 3.618, def could be much shorter though.
In any case this is just a general theory that I'll be updating as time passes. I'm long term bullish on this project, fantastic team behind it and great fundamentals.
Assuming that'd be the end of the retracement, we would start our third wave up -- I charted the c wave as the extension wave with the ending being at the 3.618, def could be much shorter though.
In any case this is just a general theory that I'll be updating as time passes. I'm long term bullish on this project, fantastic team behind it and great fundamentals.
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.