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Kadena

KDAUSDT Rebounded on the long-term Buy Zone.Kadena (KDAUSDT) is having one of the strongest rebounds from the top 100 cap coins. Besides the fundamentals involved, a key technical reason is the fact that it entered the long-term Buy Zone and almost hit the bottom (Higher Lows trend-line) of the Fibonacci Channel pattern that formed since its first trading days. However this rebound may be short-lived as despite the Bullish Cross on the 1D LMACD, the price always dipped a little lower after this formation. In fact, the last two rallies in February 2021 and August 2021 were confirmed only after the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) formed a Bullish Cross. Basically during these corrections, the 1D MA100 has been acting as a Resistance and its break confirmed the uptrend. This matches perfectly the recent price action and correction, as the 1D MA100 has been the Resistance since January 13 2022. As a result buy only if you have a long-term perspective as the price may dip towards the -0.236 or even the -0.5 Fibonacci extensions until a permanent bottom is formed. Otherwise, wait for a 1D MA100 break or the Bullish Cross of 1D MA50/100. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
12
Kadena and Elliott wave ruleSeeing this chart makes me confident we're seeing Elliott wave alternation rule playing out. If one correction is flat, the other is a zigzag and the other way around. Also impulses after a flat corrections are often (but not a necessity) more agressive. In this case it was. Don't expect a degree of same impulse in the 5th wave. 1. To be noted sideways movements happen in a form of flat corrections, triangles etc. and last longer than zigzag sharp corrections. In our case, second wave is a clear running flat correction and lasted longer than a sharp. 2. The other thing is that sharp corrections are deeper than flats. So even if we take this case from COINEX and all the wicks, the flat is still a bit shallower to sharp one. Hopefully this panic is the bottom. If it is, the most rational thing would be to chop and slowly grind up. We also tested previously untested support. All Elliott wave rules are spot on. We could go lower, but not much more. Also watch out for the $4,4 price are. If we smash it, it's game on.
by Osemka8
ALMOST AT THE BOTTOM - (KADENA UPDATE ANALYSIS)Carrying on with our series of analysis on Kadena(KDA), our search for the bottom is nearing it's end hopefully. In our previous analysis we identified a falling wedge pattern that could signal a reversal to the upside for kda, however it failed to do any good. Analysis with updates shown below(refer for context); While we now have our buy region of $2 finally, are we bottomed out yet? Referring back to our original analysis shown below, we pointed out the $1-$0.9 region to try our luck for volatility for an alternate entry; This level is in line with the golden pocket. Other Ideas: Bringing us to this point in time. KDA has broken back into its channel up, and also a rising wedge in the process. Our volatility region falls in line with the bottom of the rising wedge structure and the golden pocket. If that were to break then we simply cannot rule out bottom of the channel as a possible price target where we also have strong horizontal support. Targets will be revised if needed depending on where price finds support. If you've benefitted from this series of analysis so far, I'm happy it was helpful. If you agree, pls like share and comment your thoughts below. As always, feed back is appreciated! Bitcoin will play a huge role in determining the outcome
by RektMyMom
6
KADENA - UPDATE! (FALLING WEDGE👀)In our first Kadena (KDA) analysis we predicted the drop from ath's and identified buy areas to scoop up a few as shown below: After getting our DCA zone we then updated the chart again but have had a hard time getting our Wife Changing Money Area ever since: In this update, from the chart above, we can see that price has managed to form what looks to be a falling wedge pattern which we failed to take note of the previous analysis. Pray this be a falling wedge pattern, we can expect price to touch support once more before heading for a breakout (as we know a pattern of this sort usually has it's breakout moment near it's apex). Note that it can be both a continuation pattern and a reversal pattern, so make sure to use a stop-loss if you aren't in it for the long haul. Should that not be the case, we can expect to continue our Dollar Cost Average Strategy till we get our WIFE CHANGING MONEY ZONE - 19 year old If you like what you see, pls leave a like, share, and comment your thoughts below. As always, feedback is appreciated!🙏
by RektMyMom
11
KDA - U know whats coming GUYS!Hello, here u can see, where Kadena will go. Im very bullish on this one! Take your bags before is too late! If we get over orange trenline we can start booming hard , especially if Kaddex and Marmelade launch it will be hard pressure UP! Green lane is MAIN support. Red is first stronger resist. Blue is way where we probably go. Red arrow is launching way. There is so much new on KDA coing out soon, which help us get from this place easily, than KDA will be unstoppable. Ofcourse its all matter of BTC , but once we get from here, than even BTC wont stop us. :)
Long
by ImrichKcz
6
💥Kadena is approaching target at $5.50Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ With respect to my previous forecast on kadena. I said it’s either we see a rise to $8.10 or a fall to $5.50. Kadena obeyed the bears and broke out of the lower trendline. Since my last call, price has fallen by 11% from $6.79 to $6.0756. As seen here, kadena is still falling to the target price at $5.50. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
3
KADENA - TO RISE TO $8.10 OR FALL TO $5.50Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ We have two different pattern on this chart. The first pattern which is a descending triangle indicate a fall to $5.50. The second pattern which is an ascending triangle indicate a short fall to the lower trendline before a rise to $8.10. We need a confirmation with either a rejection or continuation on the lower trendline to be sure of kadena next direction. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
2
KADENA , To where 🔛KADENA 🔖 As mentioned in the analysis some time ago, Kadena was in the $8-8.5 resistance range and was able to break the resistance the previous time and activate Target 1 as expected. 💎 But due to the collapse of the market, Kadena also could not maintain the broken resistance and stabilize above it, and fell again to the range of $6 It is expected that after several clashes in the past, this resistance will soon be broken and Kadna will reach prices again at $8.5 - $10 🔆 But a bearish scenario is also possible and if lose the range of $5 -- $5.5 Descending targets will also be activated and the price can be reduced up to $3.5! Let's see what happens .. ➖➖➖➖➖➖ All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help . ⚠️ This Analysis will be updated ... 📊 #KDAUSDT ( Kadena ) 💹 Time Frame : Daily 🔵 Personal Opinion : LONG 🎯 Next Targets : $8.2 — $9.2 - $10 👤 Saeid.Mahbob 📅 12.Mar.22 ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by SaeidMahbob
11