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ALMOST AT THE BOTTOM - (KADENA UPDATE ANALYSIS)Carrying on with our series of analysis on Kadena(KDA), our search for the bottom is nearing it's end hopefully. In our previous analysis we identified a falling wedge pattern that could signal a reversal to the upside for kda, however it failed to do any good. Analysis with updates shown below(refer for context); While we now have our buy region of $2 finally, are we bottomed out yet? Referring back to our original analysis shown below, we pointed out the $1-$0.9 region to try our luck for volatility for an alternate entry; This level is in line with the golden pocket. Other Ideas: Bringing us to this point in time. KDA has broken back into its channel up, and also a rising wedge in the process. Our volatility region falls in line with the bottom of the rising wedge structure and the golden pocket. If that were to break then we simply cannot rule out bottom of the channel as a possible price target where we also have strong horizontal support. Targets will be revised if needed depending on where price finds support. If you've benefitted from this series of analysis so far, I'm happy it was helpful. If you agree, pls like share and comment your thoughts below. As always, feed back is appreciated! Bitcoin will play a huge role in determining the outcome
by RektMyMom
6
KADENA - UPDATE! (FALLING WEDGE👀)In our first Kadena (KDA) analysis we predicted the drop from ath's and identified buy areas to scoop up a few as shown below: After getting our DCA zone we then updated the chart again but have had a hard time getting our Wife Changing Money Area ever since: In this update, from the chart above, we can see that price has managed to form what looks to be a falling wedge pattern which we failed to take note of the previous analysis. Pray this be a falling wedge pattern, we can expect price to touch support once more before heading for a breakout (as we know a pattern of this sort usually has it's breakout moment near it's apex). Note that it can be both a continuation pattern and a reversal pattern, so make sure to use a stop-loss if you aren't in it for the long haul. Should that not be the case, we can expect to continue our Dollar Cost Average Strategy till we get our WIFE CHANGING MONEY ZONE - 19 year old If you like what you see, pls leave a like, share, and comment your thoughts below. As always, feedback is appreciated!🙏
by RektMyMom
11
💥Kadena is approaching target at $5.50Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ With respect to my previous forecast on kadena. I said it’s either we see a rise to $8.10 or a fall to $5.50. Kadena obeyed the bears and broke out of the lower trendline. Since my last call, price has fallen by 11% from $6.79 to $6.0756. As seen here, kadena is still falling to the target price at $5.50. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockTheAnalyst
3
KADENA - TO RISE TO $8.10 OR FALL TO $5.50Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ We have two different pattern on this chart. The first pattern which is a descending triangle indicate a fall to $5.50. The second pattern which is an ascending triangle indicate a short fall to the lower trendline before a rise to $8.10. We need a confirmation with either a rejection or continuation on the lower trendline to be sure of kadena next direction. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockTheAnalyst
2
Kadena : An overview of the bigger Timeframe... Kadena has been inside a huge falling wedge from its Alltime high. Asper Technicals, Falling wedge is a bearish reversal pattern. Currently, We can see a falling wedge in the lower timeframe too. Breakout can lead to the Scenarios that i have marked using the Arrows. Also if we break out of the major falling wedge, I expect a deadcat bounce. Also, It is always good to buy this gem using Dollar-Cost averaging at these very severely undervalued Prices.
by gautuwuu
💥Kadena is moving as planned🤓Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ This is the kadena daily timeframe chart. Price broke out from both the falling wedge and an ascending triangle. Price is retesting the breakout price. If price reverse at $6.60, then this pattern will be valid. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Long
by PetrockTheAnalyst
10
IS THE CORRECTION OVER FOR KADENA? (KDA ANALYSIS)In our Last KDA analysis we correctly predicted the sell of down to its current levels which was our DCA zone as shown below In this analysis, we will look at the thigns required for KDA to meet our desired buy target of $2-$1.95 Still in it's correction phase, looks to be a gearing up for a wave correction of the downward 5 way impuls move. Should this be the case, KDA could see prices of $8-11 before take a turn for our $2 dollar price target completing the impulse move down. However, A close well above the upper green resistance and a succesful retest as support would invalidate our analysis. Price Targets of $40-50 & $85-150 remain unchanged. If you agree with pls leave a like and share your thoughts in the comments. Feedback is appreciated.
by RektMyMom
3
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.
Long
by RektMyMom
14
💥KDA FALLING WEDGE - TO PUMP BY 400% TO ATH🚀Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ Before you criticize me, here is my reason. As we can all see on this chart, kadena obeyed the falling wedge pattern formation. We have three solid support zones on the trendline and two strong zones serving as resistance on the trendline. If the current downtrend get rejected at the trendline and the current candle close as a bullish pin bar, we have more chances to hit ATH if price break out of the falling wedge. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on KDAUSDT (KADENA ) 🤗 Happy Trading💰🥳🤗
Long
by PetrockTheAnalyst
13