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KAVAUSDT

KAVA: Resistance BreakoutKava (KAVA) technical analysis: Trade setup : Kava has traded completely against the market in recent week or two. This is bullish as it shows that there’s demand for the asset regardless of the overall bearish market sentiment. Price broke thru $1.00 resistance and 200 day moving average, which are signs of Uptrend. Upside potential to $1.15. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.76, then $0.50. The nearest Resistance Zone is $1.00, which it broke, then $1.15, and $1.40.
Long
by altFINS
KAVA: Resistance BreakoutKava (KAVA) technical analysis: Trade setup : Kava has traded completely against the market in recent week or two. This is bullish as it shows that there’s demand for the asset regardless of the overall bearish market sentiment. Price broke thru $1.00 resistance and 200 day moving average, which are signs of Uptrend. However, it appears to be overbought with RSI ~ 70. We wait for price to retest this resistance breakout. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.76, then $0.50. The nearest Resistance Zone is $1.00, which it broke, then $1.15, and $1.40.
Long
by altFINS
KAVAUSDT → Bullish dynamics on the background of red bitcoin KAVAUSDT shows bullish strength amid a falling market. The price does not follow bitcoin and continues to strengthen. As almost the entire cryptocurrency market follows bitcoin and has been in the red zone for several days in a row, Kava / TetherUS breaks resistance and bursts forward. At this point, the important task lies with the bulls. If the buyers manage to keep the price above the 0.800 range, the growth will continue in the medium term. The daily chart shows interest in the market. The price breaks through the SMA-50 line and now seeks to test the SMA-200 resistance. If this area is broken, the price can form a bullish momentum. Strong resistance: MA-200, 0.960, 1.140. Strong support: MA-50, downward boundary of the range. I expect if the price fixes above the previously broken line, the growth will continue. In this case I will wait for the price movement to 1.400, 2.000 Regards R. Linda!
Long
by RLinda
13
KAVA: Approaching ResistanceKava (KAVA) technical analysis: Trade setup : Kava has traded completely against the market in recent week or two. This is bullish as it shows that there’s demand for the asset regardless of the overall bearish market sentiment. Price bounced off of $0.75 support zone, which held up several times in 2023 as well and broken back above 200-day MA, which is a indication of potential bullish trend reversal. It’s now approaching $1.00 resistance area, which is a big test. If able to break above $1.00, it would confirm a bullish trend reversal. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.76, then $0.50. The nearest Resistance Zone is $1.00, then $1.15, and $1.40.
Long
by altFINS
KAVA Surges as Investors Seek Buying OpportunitiesInvestors in the cryptocurrency market are looking for buying opportunities despite the current volatility of Bitcoin and Ethereum. As a result, many traders are turning to bullish altcoins like KAVA, which has been showing steady price growth despite market selling pressure. KAVA, a native token of the KAVA blockchain, recently completed a higher low price formation above an ascending trend line. From a monthly low of $0.667, KAVA's price has risen by more than 35% in just five days. KAVA Attempts Breakout While Bitcoin's price is falling, KAVA's price continues to rise this week. KAVA’s investors seem to be unaffected by a potential drop in Bitcoin's price. KAVA's price surged towards a bullish hurdle on May 10th, reaching a 20-day high at $0.909 with a remarkable 10.6% gain on Wednesday. Currently, the altcoin is trading against the USDT pair at $0.906. KAVA's Future Looks Promising Trading volume indicators suggest that there has been significant accumulation of KAVA coins near the support trendline. KAVA witnessed the highest trading activity in the last few months in the month of May. The KAVA coin is currently trading above the 50 simple moving average, with bulls pushing the price up. Historically, the 200-SMA has acted as a significant support and resistance level for sellers. The market is now waiting to see if the bulls can maintain their momentum and push the price of KAVA beyond the 200-SMA. The Relative Strength Index (RSI) has crossed the crucial threshold of 50 and is now steadily climbing towards the upper limit. This is an encouraging sign for potential buyers, who could benefit significantly if the coin manages to break through the current resistance trendline. However, we will still need to have Bitcoin at least ranging and not falling for a significant rally to occur.
by cryptohopper
KAVAUSDTHello everyone, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for KAVAUSDT Here we have R2 and R1 which are our resistance areas in this chart with their demonstration of the disability of the price to rise at various points. S1 used to be a long-term resistance area. And as you observe, S2 is a support area at the bottom that involves the well support of price at some different points even since the past. Clearly, the price experienced a great support at S1 area and via a notable rise, it could move up to our first resistance line. But after not being supported there, and after having some unsuccessful attempts to rise, it resumed its decline down to S1 area. The existence of a negative Marubozu Candle confirms its falling trend and at the present, we see it is fluctuating in the first support area. We expect it to give us two scenarios after falling to the bottom of S1. Either we would have more support here and the price moves over R1 and fixes there and then more increase takes place for it toward R2 (that is a proper point to save your profits) Even it is probable that the price falls down to S2 after losing the support at S1 and there we can wait for the support of price and on its returning process, it is better to put your trade orders and then wait for more increase. According to the chart and considering the signs here, when the price is fluctuating above S1, we won’t have so much decline. So please consider the market situation in lower time frames and then decide what to do exactly. We suggest you to save your profits in the resistance areas due to the fact that in the decline of the price, you will not have so much loss. Keep moving with our updates and analyses to have multiple pieces of information and ideas. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Have a nice time
by MarsSignals
1