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KDAUSD

KADENA on the verge of starting a mega rallyKDAUSD has been on fire recently and that bullish short-term trend broke above the 1D MA50 (blue trend-line) today. The last time it did so on December 27 2021, it was a fake break-out but on a long-term scale, it resembles more the bullish break-outs of August 08 2021 and January 25 2021. The CCI sequences between the three phases are very similar. The CCI appears to have bottomed the same way it did in late 2020 and mid 2021, so there are more chances that the current 1D MA50 break is a bullish signal and not a fake-out. Technically, we should be seeing an aggressive rally soon and the modest target based on the neutral scenario of Jan - April 2021 is the Higher Highs trend-line at around 35.000. A break above the 1.5 Fibonacci extension, could target the 2.0 Fib as it happened on the October 23 break of 1.0 Fib (that almost reached the 1.5 Fib within 2 weeks). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
KLong
by TradingShot
6
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 PetrockFxTrading
13
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.
Long
by Oxkerem