KDA can continue its bullish trend
Updated
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.
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I haven't seen this chart. Any reversal will most likely be local only.
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