KAVA: Resistance BreakoutKava (KAVA) technical analysis:
Trade setup : Kava has traded completely against the market in recent week. This is bullish as it shows that there’s demand for the asset regardless of the overall bearish market sentiment. Price broke above 200-day moving average and $1.00 resistance which are signs of Uptrend. It retested those levels and bounced back up, which should confirm the bullish breakout. Upside potential to $1.40.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $1.00 (previous resistance), then $0.76. The nearest Resistance Zone is $1.15, which it broke, then $1.40.
KAVAUST trade ideas
KAVA prepair for longAfter updating the last maximum, the coin went to a local correction, a downward wedge shape is formed, which serves as a trend continuation figure, I expect at the moment to exit up from the figure, with a retest and consolidation, and I will enter a long position.
The volume is also increased for purchase, which serves as confirmation that the trend will continue.
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
Selling KAVAHello Trader, Kava lookin prime for selling.
i think this level people tend to takin profit's.
Stop-Loss
-1.1160 (5%)
Entry Level
i. Market Price
ii. 1.0695-1.0630
Take Profit
i. 0.9965
ii. 0.9095
iii. 0.8458
iv. 0.7181
this is just my personal view, feel free to take it.
and remember to manage ur own risk.
KAVAUSDT is testing important levels, potential +10% from here
Hello Traders:)
Currently, the level of the top line of the Market profile from Monday is being tested. Previously, after breaking this level, KAVAUSDT exploded over 30% up. Currently, after returning and positively testing this level, I assume a return to at least the upper limits of the market profile from the previous days, which will give us at least 10% increase in KAVAUSDT. Negation of the scenario after breaking through today's lower limit of the market profile.
I wish you great trades!
KAVA LONG OPPORTUNITY 20230519KAVA is trying to break the bottom structure, if it does, a 2.5 risk/reward opportunity may appear.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
KAVA Long Idea bases on Channel, fib and OBVCheck out Kava's chart! It's positively sizzling with excitement! Not only has it just touched the lower trend line of the channel, around the Fibonacci 0.786 level (ALTS seem To love Fib 0.786), but there's also a tantalizing OBV divergence taking place!
This is a prime opportunity for a potential buy signal, friends. Just be sure to set your take profit at the $1.50 area, and your stop loss below 55 cents to manage your risks.
So buckle up and hold on tight, because Kava is about to take you on a wild ride to the moon and back!
KAVAUSDT.P Liquidity Grab (Short) 5/22/2023Our previous analysis on the AOV entry hit its SL, this shows that it could potentially be going for a liquidity grab on the recent swing high. With proper risk management, we can continue to aim for the short potential of this chart, due to the clear imbalance below that is most likely to be filled in time.
Analyzing Short Opportunities in KAVAGreetings, Traders,
Today, I present an in-depth analysis of KAVA, a prominent asset within the decentralized finance (DeFi) platform. This platform offers loans to its users without intermediaries and has thus become a notable entity within the cryptocurrency market. Currently, KAVA's price stands at 1.089.
Technical Analysis
On closer inspection of KAVA's current state, numerous technical indicators suggest that it might be an appropriate time to consider short positions. Here is a detailed dissection of the relevant technical factors:
RSI & Stochastic Oscillators: The Relative Strength Index (RSI) currently stands at 69, nearing the traditional overbought threshold of 70. In parallel, the stochastic oscillator is high at 92. These are both significant signals of potentially overbought conditions, frequently leading to a market correction.
Bollinger Bands: The asset's current price is nearing the upper Bollinger Band, placed at 1.116. This closeness often signifies overvaluation and potential reversion to the mean, providing a price correction signal.
Volume Oscillator: The volume oscillator value is -4%, indicating a higher downward volume compared to the upward volume. This pattern can be perceived as a bearish sign in certain market conditions.
MACD: The Moving Average Convergence Divergence (MACD) value currently stands at 0.057. While it's not distinctly bearish, it necessitates close monitoring for a potential bearish crossover.
Fibonacci Levels: The Fibonacci retracement levels also merit attention. On the daily timeframe, the 0.5 level stands at 0.859 and the 1 level at 0.667. These levels could potentially act as support in the event of a price decline.
Key Resistance Levels
It's crucial to highlight KAVA's significant resistance levels. The asset has a local resistance level of 1.171 and a substantial resistance level of 1.347. These resistance points may act as a price ceiling and provide excellent opportunities for short positions. The convergence of the overbought indicators and these resistance levels present the potential for short positions with a favorable risk/reward ratio.
Conclusion
Considering these indicators, both the local resistance of 1.171 and the solid resistance of 1.347 seem to be probable regions for initiating short positions. However, it's important to note that trading requires meticulous planning and risk management. It is essential to conduct independent research and consider personal risk tolerance before entering any trades.
I will continue monitoring KAVA and provide updates on significant changes in its market behavior. Until then, let's maintain a diligent watch on this asset and observe how the market scenario unfolds.
Wishing you successful trading.
KAVA: Resistance BreakoutKava (KAVA) technical analysis:
Trade setup : Kava has traded completely against the market in recent week or two. This is bullish as it shows that there’s demand for the asset regardless of the overall bearish market sentiment. Price broke thru $1.00 resistance and 200 day moving average, which are signs of Uptrend. Upside potential to $1.15.
Trend : Uptrend on Short- and 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 $0.76, then $0.50. The nearest Resistance Zone is $1.00, which it broke, then $1.15, and $1.40.