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KDAUSDT

KDA AnalysisKUCOIN:KDAUSDT KDA failed to rally through resistance (R1) over the weekend and has since retraced to the 38.2% Fib level around $1.15. With the fed announcement likely to stir volatility across the markets I'd wager we likely come down to the area where S1 aligns with the trendline and the 50% retracement level at around $1.10. This also would be the breakout level from the Adam & Eve bottoming pattern formed from the November and Jan lows. Should be a strong level to bounce from, and we'll likely see some attempt here depending on how things react to the fed rate announcement. Whatever the news, good or bad, I think this bounce probably gets faded. Knowing crypto it will need to break this trend line and consolidate closer to the 61.8% level around $1.03. We'll probably get several touches on $1.00 and maybe one or two wicks below. These will likely get bought up at around .95 cents, which is the 78.6% fib level. Should we rally from there, it would be hard to ignore the possibility that the "Adam & Eve" bottom could actually have been an incomplete Inverted H&S. If KDA can put the floor in at those levels I think it's highly likely.
Long
by JNor
Bottoms UpKUCOIN:KDAUSDT has consolidated nicely on this trendline this past week. Sudden moves to the upside haven't seen much follow through yet, but the support has been solid. Interestingly enough, looking at the 4 hour chart you can see another Adam & Eve bottom along the trend line. This would appear to be a fractal of the much larger Adam & Eve bottom put in place at the end of the year. The consolidation and support level found around the $1.15 mark is the retest of the breakout from the large pattern. While the most recent 4 hour candle that wicked down from $1.25 to $1.18 could also be seen as the retest for the smaller fractal pattern. I'm well aware there's a stigma associated with pattern-based trading. Like pretty much everything in TA it should only be used in conjunction with other forms of analysis. However, these smaller echoes are worth watching. Should they prove to be valid in the end, they can be a very big tool in identifying price direction.
Long
by JNor
Kadena (KDA) formed bullish Gartley for upto 15% pump soonHi dear friends, hope you are well and welcome to the new trade setup of Kadena ( KDA ) with US Dollar pair. Recently we had a nice quick trade of KDA If you are still holding KDA then I would suggest you to hold it and follow the targets as per new move, because, now on a 4-hr time frame, KDA has formed a bullish Gartley. You can calculate you targets as per the classic Gartley move and place your sell orders accordingly Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
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