KDA can continue its bullish trend
An ascending broadening wedge pattern formed at the 2$ level, followed by a rejection to the 0.7 demand zone. A decrease in bearish momentum can be observed.
While Others.D remains bearish, USDT.D exhibits indications of a weakening local trend.
The seeming weekness in BTC.D and the strengthening of the large cap alts(like ETH) could be a plausible explanation.
In such context a retest of the prior trend with a positive divergence on the KDABTC 1M timeframe bears significant importance.
While Others.D remains bearish, USDT.D exhibits indications of a weakening local trend.
The seeming weekness in BTC.D and the strengthening of the large cap alts(like ETH) could be a plausible explanation.
In such context a retest of the prior trend with a positive divergence on the KDABTC 1M timeframe bears significant importance.
Order cancelled
I haven't seen this chart. Any reversal will most likely be local only.
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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.