Kadena | Same Pattern Repeats | Green Monday? See Inside!
The same pattern we saw today with OmiseGO (OMGUSDT), Internet Computer (ICPUSDT) and Decentraland (MANAUSDT) is repeating on the Kadena (KDAUSDT) chart, but here we are a bit more advanced.
Let's dig in. (Boost, share, follow, comment, etc.)
Not only these three pairs I mention above but many of the small cap., or I should say medium cap., altcoins are showing this exact same pattern.
We see a lower low in November compared to June, sometimes May.
The lower low has less volume in November compared to June.
After the low is in we see a pick up in trading volume with the day closing green.
We have a bullish RSI and a cup pattern.
We also see all these pairs moving above EMA10 and some EMA21 but mostly all below EMA50.
Kadena has gone ahead and is now moving above EMA50.
EMA50 is the magenta line on the chart and opens the door for mid-term growth.
This is great news... Because what one Altcoin does, the rest tends to follow.
Let's hope we don't get a negative surprise tomorrow and everything turns the other way...
The charts are bullish though.
Not technically bullish but bullish potential developing; early bullish signals... Things can always change.
Make sure to do your own research and have a plan before you decide to trade.
Thank you for reading.
This is smart advice.
Namaste.
Let's dig in. (Boost, share, follow, comment, etc.)
Not only these three pairs I mention above but many of the small cap., or I should say medium cap., altcoins are showing this exact same pattern.
We see a lower low in November compared to June, sometimes May.
The lower low has less volume in November compared to June.
After the low is in we see a pick up in trading volume with the day closing green.
We have a bullish RSI and a cup pattern.
We also see all these pairs moving above EMA10 and some EMA21 but mostly all below EMA50.
Kadena has gone ahead and is now moving above EMA50.
EMA50 is the magenta line on the chart and opens the door for mid-term growth.
This is great news... Because what one Altcoin does, the rest tends to follow.
Let's hope we don't get a negative surprise tomorrow and everything turns the other way...
The charts are bullish though.
Not technically bullish but bullish potential developing; early bullish signals... Things can always change.
Make sure to do your own research and have a plan before you decide to trade.
Thank you for reading.
This is smart advice.
Namaste.
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