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Kava / TetherUS

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KAVAUSDT trade ideas

KAVA Token target buy/sell prices and possible trendlinesThe recent, larger sell-off on large cap crypto catalyzed by news events influences sell-offs on smaller cryptocurrencies, including the Cosmos network DeFi derivative, KAVA. The appeal KAVA holds to me personally is its high yield API (20% annually, distributed twice a week). This combined with its beautifully abundant swings and dedicated long term staked investors makes for plenty of profitable opportunities. With a red line I highlight what I perceive as the recent bear trend (which more or less is a bear cliff as of the ATH which was defined in September, 2021 as 9.218). This sell-off was met with resistance a few days ago at the support price of 3.081, and one of the more large scale bull trend (Bull Trend 1, in blue). A break above this short term bear trend may validate my designated bull trend, implying a continuation of KAVA's macro bullish directionality with the possibility of another eventual retest of the ATH. A break below the bull trend, and continuation of the bear trend may be met with demand with another candidate bull trend which I have marked with a green line on the chart (Bull Trend 2). In either case, at the moment, I plan to hold and continue purchasing KAVA, picking more up at my designated supply/demand prices, and taking profit at my designated supply/resistance price targets. My buy targets for KAVA are: $3.081 $2.109 $1.123 Sell targets are: $5.534 $8.157 $9.218 The price targets and trends I provide are my own anecdotal opinions and I observe them making room for error.
by SKIE_Watching
1
KAVAUSDT AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and lower target: 6.2 - 8 - 9.3 after first target reached move ur stop to breakeven stop: ~under 4.4 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 6 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions.
Long
by trytofeelpositive
3