KAVAUSDT is inside the BullFlagKAVAUSDT has tested the demand zone at the 0.8$ area, indicating that there was significant buying pressure from traders at this level. Since then, the price has been moving upwards and is currently testing the upper dynamic resistance level within a bull flag pattern.
The bull flag pattern is a bullish continuation pattern that forms when there is a strong uptrend followed by a consolidation period in the form of a downward sloping flag. This pattern typically indicates that there is still strong buying pressure in the market, and traders are taking a brief pause before continuing to push the price upwards.
As per Plancton’s Rules, a breakout from the upper dynamic resistance level within the bull flag pattern could be an indication of a new long position. This means that if the price of KAVAUSDT breaks above the upper dynamic resistance level within the bull flag pattern, it could be a good opportunity to buy and hold KAVA with the expectation that the price will continue to rise.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
KAVAUSDT trade ideas
KAVA: Resistance Breakout!Kava (KAVA) technical analysis:
Trade setup : Price has broken above $1.00 resistance area and 200-day moving average to resume Uptrend. Upside potential to $1.40+ Momentum turned bullish again (MACD crossover). Our own proprietary research report published on 24th August highlighted several upcoming catalysts that could dramatically increase TVL (Total Value Locked) on this leading DeFi lending platform and potentially drive up the token price.
Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.80 (previous resistance), then $0.50. The nearest Resistance Zone is $1.00, which it broke, then $1.40.
✴️ Kava Goes First Correction End Confirmed? Marketwide AnalysisKAVAUSDT hit a low in early January, like most of the Cryptocurrency market.
Many pairs hit their low in late December, just a few days before January which technically counts as the same.
From this low we get a strong bullish wave, January 2023, this is also true for most of the Cryptocurrency market.
After this wave we get a correction and here the correction hit bottom 3-5 March. This is also a theme that is repeating across the market.
Now, the important part.
KAVAUSDT is recovering, correction ends.
This is confirmed as its price moves above the moving averages including EMA50 and the really high volume yesterday.
If KAVA dropped with the rest of the market, recovered with the rest of the market and went into a correction together with the rest of the market, it will also produce the next leg up with the rest of the market.
That's the conclusion.
KAVAUSDT is already going bullish, moving first compared to the pairs that everybody is already looking at.
This is normal, the market movers will move first those that are least active/bought.
While everybody is always looking at Bitcoin, Shiba Inu, Cardano and the rest. If Bitcoin starts growing it would reveal that the correction is over and everybody would rush to buy and that's not something that is appealing to the whales.
And thus they move the least popular ones first... But what one does the rest follows.
If KAVAUSDT recovers, we know what the rest of the market will experience as well. This includes Bitcoin which looks shaky right now... Patience and a plan would remove all doubt while you wait.
Namaste.
KAVA LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the KAVA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
RLinda ! KAVAUSDT-> Hidden Confidence. Chance for a breakdownWhile the cryptocurrency market is falling, KAVAUSDT looks quite confident and even has a chance to break through the resistance zone
Rare moments, when in times of the main decrease such coins stand out, which go against the market - obviously, we can assume about a separate interest from strong investors. Someone is interested, has accumulated the necessary liquidity within the consolidation and now they need to snatch the jackpot.
At the resistance of the descending wedge a pre-breakdown consolidation is formed and the moment of the resistance breakout. If the price consolidates above the line, there is a high probability of reaching the resistance at 1.140, which is, presumably, the base of the pattern H&S.
I expect a breakout of the resistance and formation of a bullish counter-trend impulse. I pursue the following targets: 1.140, 1.405, 1.600
Regards R. Linda!
KAVE on the move Hello Dear Traders,
According to technical analysis, KAVA monthly RSI has been showing movement, with the monthly cycle completing to P9. Currently, the weekly Pivot is at 0.805 (0.8037 KAVA/USDT pep) and is above the Pivot.
If the candle opens above the orange dotted line with good volume,
the incoming target is expected to be towards the 1.833 area ✔️
The 4D TF cycle is up, with a target as 1.916 area.✔️
On Monday, October 17, 2022, there was a bullish OB targeting 2.111 ✔️ but the price flipped bearish. If we are going towards the 1.833 area, in my opinion, the price action would trigger this OB as well.
Meanwhile, in the short term, the 3-hour timeframe is showing an incoming target of 9680. 🤓
P.S I'm not certain about the patterns as shown, 🤑
Lets see how price action and time unfolds to determine the direction of the market.
Not a Financial Advice, Always DYOR ✔️
Trade well my Friends, stay SAFU (Secure Asset Fund for Users), and be patient while the market moves. Let that Sink in.
support level will be 0.93 to 0.91.The kava coin is positioned within a descending channel within the four-hour time frame. And if you take a look you will see that it is trying to break out the descending channel for the seventh time since last January 18th. It is currently positioned within support which is approximately 0.97. If the counter is able to breakout within this four hour time frame then we can definitely see 1.08 to 1.148. Another thing is the RSI indicator. This indicator shows that every time this coin has taken the support of 70, it has taken a downward correction, so our next support level will be 0.93 to 0.91.
#KAVA - thoughts out loud #1Good afternoon , dear colleagues!
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
What are your thoughts on this asset?
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win , sometimes you learn ".
KAVAUSDT is inside the bullflagKAVA recently bounced from its monthly support at the 0.66 dollar level, which is indicated by a purple line.
The market is currently forming a bull flag pattern below the daily resistance.
Traders are eagerly anticipating a breakout from this pattern with high volume, in accordance with Plancton's Rules.
This could signal further upward movement for the asset.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐