IS THE CORRECTION OVER FOR KADENA? (KDA ANALYSIS)
In our Last KDA analysis we correctly predicted the sell of down to its current levels which was our DCA zone as shown below
In this analysis, we will look at the thigns required for KDA to meet our desired buy target of $2-$1.95
Still in it's correction phase, looks to be a gearing up for a wave correction of the downward 5 way impuls move.
Should this be the case, KDA could see prices of $8-11 before take a turn for our $2 dollar price target completing the impulse move down.
However, A close well above the upper green resistance and a succesful retest as support would invalidate our analysis.
Price Targets of $40-50 & $85-150 remain unchanged.
If you agree with pls leave a like and share your thoughts in the comments.
Feedback is appreciated.
In this analysis, we will look at the thigns required for KDA to meet our desired buy target of $2-$1.95
Still in it's correction phase, looks to be a gearing up for a wave correction of the downward 5 way impuls move.
Should this be the case, KDA could see prices of $8-11 before take a turn for our $2 dollar price target completing the impulse move down.
However, A close well above the upper green resistance and a succesful retest as support would invalidate our analysis.
Price Targets of $40-50 & $85-150 remain unchanged.
If you agree with pls leave a like and share your thoughts in the comments.
Feedback is appreciated.
Related publications
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.