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KDA

Kadena to make bitcoin look like a stable coinKDABTC has a clear rising wedge structure and since it is at support the next move is primed to be to the upside. There is a lot of hidden bullish divergence on the RSI and MACD (and a host of other indicators) and the Stoch is showing momentum is breaking above the 20 level, which shows price is technically coming out of a downtrend on the weekly timeframe Drilling down several time frames, there is a inverse head and shoulders on the 4 hour that developed over the last 10 days. There is a strong possibility that that structure marks a the swing low and the price action will now go below that structure again. Price is poking above the orange trend line and if we can hold that break on the weekly time frame with a whole candle body above the gains are practically in the bag with some patience. This orange trend line also intersects the wedge support lower down and price action could see a retest of both on a pull back. KDAUSDT is in several bullish structures. First is a 50-day ascending triangle it is breaking out off right now And that ascending triangle is at support on a rising wedge that KDAUST had already broken out the top off before returning to support. I see KDAUSDT setting new all-time highs continually over the next several years.
Long
by This_Guhy
9
KDA a bright future ahead! Scalable PoW solution. Fundamentals: + Mineable / POW (Falls within exemptions of the Infrastructure bill. Coming into effect Jan 2023) + NFT Ready with own markets (Marmalade) + Decreasing mining rewards every 6 months + Scalable +/- Privacy Features (Can be improved) Opinion: I am a fan of POW algorithms. From a value point of view, KDA value is likely to increase as mining rewards decrease (Every 6 months). The period of December 2022 - June 2023 is of special interest; DAPPS such as Marmalade and others; are likely to boost transaction demand within the KDA chain. Nevertheless, as is the case with all other blockchains in 2022; I do not expect this token to make new highs for as long as the FED does not return to a real and tangible neutral policy. I expect to be buying L2 and possibly L3 multiple times during the accumulation phase. This is not intended or made to constitute any financial advice. Notes on how I personally use of my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
4