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
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.
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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.
KDA 15m timeframe. Bullish or Bearish?mixed signals on the KDA 15m timeframe
- there has been a few candle closes in the red ichimoku cloud which indicates a leg up to the top of the cloud or above
- there is also a bullish TK cross which supports this move up
- but there is a large gap between the conversion line and base line which indicates a move down
- also a double top which supports the idea of a move down
i expect a move up as prices are low, people surely are buying the dip.
but who knows could go either way
$KDA - Time for Reversal or Keep Going Down?Kadena has had a nice run in November from around $6 all the way to around $28!
However, since its top, we have reached around 60% down from all time highs in November 11th.
Since then, it has been in a consistent downtrend.
However, at these levels, are buyers ready to step up?
We are now sitting in the lower channel on $10.45 - $13.30 range.
For Longs - Need to hold $10 support level.
Ultimately breakout of this channel and create new highs above $12.9.
For Shorts - We would like to stay under $13 resistance level
As well as Breakdown Channel under $10.25.
Let me know what you all think.
KDA/USDT on a 15m chart- double top
- bearish TK cross
- large gap in between the conversion line & base line = bearish
- support around $9.7 may break as its been tested a number of times in the past, however if this does break a support at $8.7 will hold
- thx to BTC for this retracement, also BTC to $42.5k