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Kava

KAVA BREAKOUT! READY FOR NEW ATHHello everyone, This is not an investment advice, just personal thoughts about cryptocurrency called $KAVA Downtrend line has been active since 6th of April, and parallel trend channels are closing, major support of Ichimoku is strong, Fibonacci retracement levels are finely tuned, this is a new price discovery break-out, let"s see.. How to interpret this chart? The major downtrend line is bold line, the major support of up-trend line is green bold one. Inside this triangle, I was thinking that minor support lines are going to be in that predicted channel for break out pattern. And if we gonna closings above the down red line in 4H period chart, this is going to be approval for price discovery period start! My first bought was around 4,30 where in its accumulation period, this is the last signal in my honest opinion. I'll add some to my bag from this point, wish you all profitable trades. The aim is vertical dotted line which goes to 10.89 $ and also Fib. Retracement Leves are showing 1.618 (Golden Ratio) is very close to that area and this going to be resistance level in price discovery chart. Well, lets see. Time the operator.
Long
by nodalAxis
KAVAUSDTHere's a risky one. KAVA did an amazing job breaking the resistance and consolidating. changing the old resistance area to a support. It did what it had to do and gave too many people a great profit. but since it's consolidating, there's still a chance of breaking the resistance again. wait for the break out and then open your long positions. it might be risky so be careful about it. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
6
Update 30/03/21 KAVA 35% Gain to New ATH Update 30/03/21 KAVA 35% Gain to New ATH. See previous analysis below. Update 25/03/21 KAVA Buy Opportunity 89% Gain from DCA Zone @ 38.20% Fibonacci Level. See previous analysis below. Happy Trading :) Update from 19/03/21 Excellent buy opportunity for a 30% Gain back to ATH price @ $7.42, our current price target is at the 127.20% Fibonacci level @ $8.67 (53% Gain). The price of KAVA broke down past the 13 EMA to test the 50 SMA , this downward pressure seems to have exhausted now and we expect the Bulls to come back in the market to test the 13 EMA and push past this level signalling a strong continuation pattern back towards the ATH . We saw a similar move on the 15th March where the price broke down the 13 EMA to test the 50 SMA and then bounced back to upside testing and breaking through the 13 EMA gaining 40% from $4.99 to $7.02. Use the Buy Zone to map out a sniper entry at the 61.80% Fibonacci level. KAVA is a great project with a lot of potential in the mid-long-term as we see waves of new institutional money flooding into the market. We bought in at the 61.80% Fibs @ $5.6 and if we test lower levels we will be looking to accumulate more coins. The bearish scenario is still possible but we do not expect to see the price go lower than the range between the 50%-38.20% Fibonacci level ($5.11 - $4.57), the stochastics are showing an extremely oversold market on the 4H, be patient wait for confirmation before entering. Key Notes on Kava: Kava, built on the Cosmos SDK, is quickly gaining momentum as the most trusted DeFi platform for institutional clients around the world. Kava plans to take another major step forward towards that end through an integration with Cosmos’s recently launched Inter-Blockchain Communication Protocol ( IBC ). Kava will then use IBC to make Chainlink’s widely used and secure decentralized data feeds available to blockchains across the wider Cosmos ecosystem. The use of Chainlink data as part of the broader Kava DeFi ecosystem is not new. Kava first integrated Chainlink back in May of 2020. Onboarding Chainlink Price Reference Data oracles onto the Kava blockchain has provided a valuable service to all users of its DeFi ecosystem. As more financial institutions make their way to Kava, direct on-chain access to real-time and tamper-resistant data will prove increasingly beneficial to everyone.
KRAKEN:KAVAUSDLong
by CryptocurrencyMagnet