KAVA LONG #IntradayOn the given instrument the accumulation of volume near the level 0,75, though all market and the coin itself looks down, but locally inside the day I try to trade long. The targets are 0.8, 0.82 and 0.84. It is possible to divide the deal by 2 stops 0.73 and 0.715.
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Kavaperp
KAVA Correction Incoming?KAVA (KAVAPERP) has had quite a run up in the last +7 days, of around 45%.
Once again it has reached the top of the channel and is right in the Golden Pocket of Fibonacci Extension.
Taking into account that it's the weekend and confluence between Channel top and Golden Pocket, I expect a mild correction.
If the price breaks below 0.618:
First Target is 0.5 (~5.25)
Second Target 0.382 (~5.10)
Third Target 0.236 (~4.92)
When in trade I keep to a strict Risk Management plan and keep an eye on BTC.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
FTX:KAVAPERP
BINANCE:KAVAUSDTPERP
KAVA.USDT (Y21.P2.E1.v2). Waiting for more clues for an entranceHi Traders,
I jumped into KAVA today and it gave well but I did close it at the double top scenario \ = wedge target.
Now I'm waiting and looking for another opportunity.
All the indicators show upward pressure.
Even though I see resistance here but also only a slight pullback for it to make new highs.
All the best,
S.SAri