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KDAUSDT

KDAUSDT Rebounded on the long-term Buy Zone.Kadena (KDAUSDT) is having one of the strongest rebounds from the top 100 cap coins. Besides the fundamentals involved, a key technical reason is the fact that it entered the long-term Buy Zone and almost hit the bottom (Higher Lows trend-line) of the Fibonacci Channel pattern that formed since its first trading days. However this rebound may be short-lived as despite the Bullish Cross on the 1D LMACD, the price always dipped a little lower after this formation. In fact, the last two rallies in February 2021 and August 2021 were confirmed only after the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) formed a Bullish Cross. Basically during these corrections, the 1D MA100 has been acting as a Resistance and its break confirmed the uptrend. This matches perfectly the recent price action and correction, as the 1D MA100 has been the Resistance since January 13 2022. As a result buy only if you have a long-term perspective as the price may dip towards the -0.236 or even the -0.5 Fibonacci extensions until a permanent bottom is formed. Otherwise, wait for a 1D MA100 break or the Bullish Cross of 1D MA50/100. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
12
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-$0.9 region to try our luck for volatility for an alternate entry; This level is in line with the golden pocket. Other Ideas: Bringing us to this point in time. KDA has broken back into its channel up, and also a rising wedge in the process. Our volatility region falls in line with the bottom of the rising wedge structure and the golden pocket. If that were to break then we simply cannot rule out bottom of the channel as a possible price target where we also have strong horizontal support. Targets will be revised if needed depending on where price finds support. If you've benefitted from this series of analysis so far, I'm happy it was helpful. If you agree, pls like share and comment your thoughts below. As always, feed back is appreciated! Bitcoin will play a huge role in determining the outcome
by RektMyMom
6
KADENA - UPDATE! (FALLING WEDGE👀)In our first Kadena (KDA) analysis we predicted the drop from ath's and identified buy areas to scoop up a few as shown below: After getting our DCA zone we then updated the chart again but have had a hard time getting our Wife Changing Money Area ever since: In this update, from the chart above, we can see that price has managed to form what looks to be a falling wedge pattern which we failed to take note of the previous analysis. Pray this be a falling wedge pattern, we can expect price to touch support once more before heading for a breakout (as we know a pattern of this sort usually has it's breakout moment near it's apex). Note that it can be both a continuation pattern and a reversal pattern, so make sure to use a stop-loss if you aren't in it for the long haul. Should that not be the case, we can expect to continue our Dollar Cost Average Strategy till we get our WIFE CHANGING MONEY ZONE - 19 year old If you like what you see, pls leave a like, share, and comment your thoughts below. As always, feedback is appreciated!🙏
by RektMyMom
11
KDA: Which will Come First? 4.3$ or 14$?KDA is now in a Symmetrical Triangle & NO break out has happened so we can Not Determine the Trend yet. But When it happens The Price is gonna Increase or Decrease as much as the measured Price Movement (AB=CD). Wait for The Break out , Depending on It Price can reach 4.3$ (Bearish Scenario) or 14$ (Bullish Scenario). _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
14
KDABTC IN A GOOD POSITION!!!!A analysis conducted on KDA shows that since November 11, when it started to drop, gradually, the momentum of the fall has decreased and the size of the candles has also decreased , which means that the power of sellers has decreased and the presence of buyers has increased. Due to the small candles that were in the last fall, most candles are decision candles. considering that the sellers did not have the power to create a new Low and the price is in a good daily demand zone, buyers are expected to try to hit TP1 in the first stage. After a short rest, go to TP2.
Long
by Crypto_Scorpio
1