KAVAUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 8-9-10
after first target reached move ur stop to breakeven
stop: ~5 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
risk is justified
Good luck everyone!
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KAVAUSDT
KAVA - does the fall continue 😲❓Finally, bitcoin has been corrected. All altcoins have been corrected along with it. Nothing has changed globally, bitcoin is still moving in an uptrend.
And corrections are a normal thing.
KAVA is now testing the trend line, which acts as a support for now.
But at the same time, no buyer strength is visible. Additionally, it is worth noting that the price is starting to squeeze, which is a bad signal. In case of a breakdown, there could be a fall to the targets marked below.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
☕KAVA- Rising wedge, B-wave pump now?Today I had a look at KAVA and spotted an obvious rising wedge pattern. The price action fits very nicely into elliot wave cycle scheme, which suggests that the ATH created in August 2021 was the end of wave (5), after which the price entered phase A of corrective ABC scheme. After quick bounce from the dynamic support on Nov 11th the price is now trading in the bottom area of the formation consolidating on horizontal support (5.73). If buyers manage to defend this level, we can expect more upward pressure very soon. Although this idea is more bearish for the next few months, there's still an opportunity to benefit from a potential short-term bounce.
The targets for this bounce are: 6.84 and 8.19.
Feel free to share your thoughts in the comments.
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About KAVA:
Kava is a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield.
The Kava DeFi hub operates like a decentralized bank for digital assets, allowing users to access a range of decentralized financial services, including its native USD-pegged stablecoin USDX, as well as synthetics and derivatives. Through Kava, users are able to borrow USDX tokens by depositing collateral, effectively leveraging their exposure to crypto assets.
Built on the Cosmos blockchain, Kava makes use of a collateralized debt position (CDP) system to ensure stablecoin loans are always sufficiently collateralized. If a borrower fails to maintain their collateral above a required threshold, the Kava liquidator module will seize collateral from failing CDPs and send it to the auction module for sale.
Source: coinmarketcap
Kava repeating its very interesting harmonic patternLook at the chart, history not always repeat but it does rhyme.
I am bullish on this move, although if this long term setup is broken, new support/trends need to be establish. Hence a strict stop loss is recommended
Good for a leveraged position. Manage your risk
WAGMI 🤝
#KAVAUSDT #KAVA#kAVAUSDT
#KAVA
@khancryptoschool
@BullsERA
Right Now #KAVAUSDT In ⁵th Wave And Exactly This Wave Will Cross Previous High But There Have Strong Daily Resistance There posible
#KAVAUSDT Take Time And
⁵th Wave Is Big Morthen ³rd Wave
I Recommend 10.50 $ Price And Posible Markeet Hit 11.00 $ Price R Above
Keep in mind.
🟢 Multiple Rejection Structure
🟣 Monthly Frame Structure.
🔴 Weekly Frame Structure.
🔵 Daily Frame Structure.
🟡 4.H Frame Structure.
⚪️ 1.H Frame Structure.
KAVAUSDT - Wait until timing for entryBINANCE:KAVAUSDT
4H trend chart
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KAVA is consolidating as a triangle since 8/21
This triangle is formed with a downtrend line and support zone.
If price can break out the downtrend line, trading strategy as below.
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Profit Targets:
a) 6.852----Green horizontal ray
b) 9.218----Fib(1)
c) 11.028~11.760----Fib(1.272~1.382)
Stop losses:
a) 4.9658-----Red horizontal ray
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kavausdtHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
risk is justified
Good luck everyone
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Will be very APPRECIATE FOR UR DONAT/coins :)
Open to your questions or suggestions(Looking for investors!).
KAVA DESCENDING TRIANGLEKAVA is just at the end of a DESCENDING TRIANGLE which is normally a CONTINUATION pattern or BEARISH PATTERN.
DAILY TF we are breaking to the upside, but if it does not complete it is a FAKE OUT and we will see a RETRACMENT.
If it completes we have the targets as follows.
ENTRY 5.7-6.0
TARGET 1 $6.5
TARGET 2 $7.1
TARGET 3 $7.5
TARGET 4 $8.2
TARGET 5 $9.50 ATH
STOP LOSS $4.5 SPOT
STOP LOSS $5.4-5.6 3X LEVERAGE
NOT FINANCIAL ADVICE!
Bullish triangle closing in for KAVATurns out kava wasn't ready to break out of the ascending triangle I mentioned in my recent post just yet, price dropped and bounced from the bottom support. There are slight hidden bullish divergences on obv and rsi on the daily chart and price is lagging behind to that of some other alts and current price action is indicating it is ready to catch up. Expecting next test of the triangle top to result in a breakout and a strong move up.
DYOR and trade safe!
KAVA USDTMy view about KAVA
1. KAVA is moving in bullish trend
2. KAVA have a potential forming IHnS which is right shoulder can be falling wedge
3. MACD have a bullish reguler divergence. which is it can be a potential reversal if MACD can be golden cross.
You can spec buy, and avg up if it breakout from falling wedge. manage your own Money Management
cheers,
-NFA_
Strong support at 5Kava formed a "W" shape noble bottom, and breaks through the down trend Line as the Green Zone shows from Oct 2.
Now it seems like KAVA is trying to retrieve back 6 dollar level cause there are pretty small trading volume since the break out.
6 can be a level for opening Long position, it is a minor support here.
If 6 level can hold, it can reach further more to the resistance level 7 and 8.
if 6 level can not hold, it will retest 5 level.
5 dollar is a pretty strong support level
1. we see a lot of trading volume in early Aug green zone area,
2. In the down trend Red Circle area, when the price try to break 5, it pulls back with significant volume
3. when the price break through the trend line there are also big volumes.
These three points make 5 as a strong support, and if the price hit this level again I would buy more, and that might become a triple bottom.
Below 5 is real bearish and will need time re adjust.
Happy Trading
(NOT Financial Advice)