KDA Investing should be only
at the right time And safe and correct places .
be careful !
SL : 18$ with high momentum .
KDA
KADENA WILL ENTER PRICE DISCOVERY! UNDERVALUED PROJECTHello Traders!
Today we will consider the trading pair KDA/USDT
First-off, from a fundamental point of view, Kadena is a solid project with appealing Use Cases
Launching one of the world's first scalable ready for application,
Public braided blockchain,
Delivers Security & throughput, with a mission to unite public applications, private blockchains, and other interoperable blockchains in one place, driving traffic to the high-bandwith computer at the heartof the Kadena public blockchain.
Ohh, Forgot to mention it processes more transactions per second than solana. 480,000 transactions/second compared to Solana's 2,777 all thanks to it's braided chains.
Moving to the Technical Aspect of things, the chart above suggests Kadena is undervalued coupled with it's fundamentals.
Bullish Divergence formed complicated things, therefore we consider multiple scenarios if not all.
Currently in a large degre 5-way impulse move(orange), price action is yet to complete the 3rd wave.
3rd wave consisting of a smaller degree 5-way impulse move(blue) looks to be either in the 4th (correction) wave still, or on coure for it's 5th impulse wave to complete the larger-degree 3rd wave.
(Still holding it's ascending trendline, white pathway looks valid for the time being)
Highlighted are pathways price could follow, each following the rules of the wave count.
DCA zone/240(1) support is a good area to grab some irrespective of which scenario plays out.
Blue support zone down at the D4 support area(0.618 support) is the best place for large buys and to go long.
Green confluence zone is a take profit area with confluence irrespective of which scenario plays out,
Blue Resistance zone is Main target should wave 5 be much longer than wave 1.
Either way, Wave 3 looks to be the longest making this a Third Wave Extension.
KDA, Long at supports ! Possible around 600 % Profit !Are we prepared in advance to catch such a huge profit? Of course we are !
Here I suggested most probable and also most simple path of KDA as I see. It means it can show some more complicated forms like contracting triangles which are common for wave 4s. For now lets keep it simple. We can update our idea later if it ever needs an update !
If true , KDA will bounce back from strong support around 6-6.5 USD which formed by cluster of Fibonacci levels of different types. I guess when it reaches to the support BTC is also at support and whole cryptocurrency market move upward. Matter is to choose the best one to maximize the profit. Our price target for wave 5 is around 35 -42 which suggest around 500- 600 % profit buying at bottom and selling at the top although no one can catch the whole ascending wave !
Good luck my friends and wish you all huge profits.
KDA possible playAfter its rise from October to the end of Novembre we've seen a more than steady decline in the price of the Kadena.
As we're approaching the $6.5 level we're reaching a crucial level of support. If we fail to hold this then I only see further downside.
On the upside we could see an easy 2X if we hold the support.
Wait for confirmation and then this could be a nice point of entry.
Would you take this entry?
KDA/USDT ( Kadena ) Bull Flag so I am Expecting $50 soon#Kadena/USDT Bull Flag:-
$KDA chart is looking Super bullish imo.
Trading price:- $12.60
This is Very big Bull flag so Target also very big.
Breakout Point= $12.50 ✅
Retest = $10-$11 Waiting
Targets:- $16.20/$24.50/$50
As per chart $KDA already broke the resistance of Bullish Flag.
And Now searching best Retest level before Fly up.
Support:- $10–$11
Resistance:- $16.20/$24.50
KDA Still Potential to hit $50 Club because now $9 Price#KDA/USDT TA Update:-
$KDA currently trading at Very strong support.
I am expecting Bounce from here.
We already buy some at $11 level.
I am buying some at $8-$9
Always buy Partially.
Now..?
If bounce from here then we can see First Stop will be $16 and 2nd Will be $24
Stop Loss:/ If any daily candle close below $7.80 then Exit time.
Already-72% down from recently ATH.
KDA/USDT 15m timeframeaccording to an Elliot wave;
- KDA could have a leg up to the first target area (orange arrow) which is between the 0.5 & 0.618 fib levels of the Elliot wave A length
- or KDA could retrace to the black line which is the 1.618 fib level of the wave A and then bounce up
- also there is a bullish TK cross
- 2nd target area is the top of the ichimoku cloud which would be valid if there was multiple candle closes in the cloud
KDA/USDT 15m timeframe- double bottom
- could range for a few hours then break out towards the top of the ichimoku cloud
- there is a bearish TK cross & a large gap between the conversion line and base line, but these 2 bearish indications could be invalid and cancel out due to the drop that has already happened.
- i believe KDA should recover in the next few hours
The next target for Kadena is 15.5 USDIn order for the trend to reach the 4th point, it needs to reach the resistance of 15.5. Considering that KDA is at the top of the altcoins with a bright future, t his target is not difficult to reach.
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KDAJust look at the scribbles. I believe it will go down long term this is just another opportunity to sell higher if it goes up. I was selling only in thousands previous peaks i will try tens of thousands now and rebuy for my dreamy lucky $7. Worst that can happen is sell for $15 and buy for $10. Those are achievable targets imo. I will might reach $20 after listing on Binance for now its crab season.