KDA/USDTKDA / USDT
Located in a descending channel.
It hit the bottom of the channel once and reacted to it, and the price increased to the midline of the channel.
If supported in the $ 2 range, it could rise to $ 4.5, but if it is under selling pressure, it could fall back to $ 1.4.
#KDA #KDAUSDT #BTCUSD #LUNA2 #LUNAUSDT #ETH
KDAUSDT trade ideas
KDA a bright future ahead! Scalable PoW solution. Fundamentals:
+ Mineable / POW (Falls within exemptions of the Infrastructure bill. Coming into effect Jan 2023)
+ NFT Ready with own markets (Marmalade)
+ Decreasing mining rewards every 6 months
+ Scalable
+/- Privacy Features (Can be improved)
Opinion:
I am a fan of POW algorithms. From a value point of view, KDA value is likely to increase as mining rewards decrease (Every 6 months). The period of December 2022 - June 2023 is of special interest; DAPPS such as Marmalade and others; are likely to boost transaction demand within the KDA chain. Nevertheless, as is the case with all other blockchains in 2022; I do not expect this token to make new highs for as long as the FED does not return to a real and tangible neutral policy. I expect to be buying L2 and possibly L3 multiple times during the accumulation phase.
This is not intended or made to constitute any financial advice.
Notes on how I personally use of my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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KDA IdeaPreviously we have done and dusted with 100% accuracy and exited the market at the very right time.
I am just trying to save the people from making the mistakes, that we did in 2018. You still don’t know what cheap altcoin is.
None of my tweets will be a financial advice
I will not DM you for premium join or money
Best of luck
KDAUSD (Kadena). have it on your watchlist.As you guys may know, crypto is experiencing harsh times. yet there may be some assets that lead to 10-20% (at least) profits. KDAUSD is one of them.
Nothing has been proved yet, no confirmation or triggers!!! But we can have it on our watchlist, and see how this chart unfolds in days to come.
for now its just a speculation, nothing more.
I'll update it as soon as I find anything else.
cheers.
KDA - M PatternWe can see that our KDA trend is starting to stall out after going on an almost 100% rally to the upside. Our old support (green arrows) is currently acting as new resistance (red arrow). Taking a short here gives a good RR with the SL being above our last high. If we break our neckline of $2.80 we could see a move somewhere near the $2.40 level.
KDAUSDTHello everyone, I chose this currency because it has had a good profit percentage in the last two days. I took a short position in the downtrend channel because the price hit the ceiling of the channel and broke the channel and the price returned to the trend. It was an incomplete failure. On the other hand, I got the profit limit in the midline because the time frame is 4 hours, so that the time frame and the profit limit are rational. I took the loss limit to Rivard a little higher than the previous shadow, considering the risk. Be successful and professional.
Kadena and Elliott wave ruleSeeing this chart makes me confident we're seeing Elliott wave alternation rule playing out. If one correction is flat, the other is a zigzag and the other way around. Also impulses after a flat corrections are often (but not a necessity) more agressive. In this case it was. Don't expect a degree of same impulse in the 5th wave.
1. To be noted sideways movements happen in a form of flat corrections, triangles etc. and last longer than zigzag sharp corrections. In our case, second wave is a clear running flat correction and lasted longer than a sharp.
2. The other thing is that sharp corrections are deeper than flats. So even if we take this case from COINEX and all the wicks, the flat is still a bit shallower to sharp one.
Hopefully this panic is the bottom. If it is, the most rational thing would be to chop and slowly grind up. We also tested previously untested support. All Elliott wave rules are spot on. We could go lower, but not much more.
Also watch out for the $4,4 price are. If we smash it, it's game on.
KDA updateHi all,
Back again with my favorit crypto to TA.
Like expected the last BIG 5th eliot wave down E got us to the TP3 of 1,5$. I was bussy and missed the buy opportunity. Gratz on the x2 for those wo took it.
Wave E is clearly finished. We see the 5 innerwave 12345 down to 1,5$ and big volume increase, witch often signals the bottem. Stupid i missed this easy 2x.
We retraced back to the resistance trend line, but rsi got oversold and we got rejected. I dont think we will brake it now, macro still not enough change.
On the daily rsi we went from 15 to 40, so any drop in rsi even to 35 will give a big down move.
My idea: i think we need a bottem confirmation pattern. Either a double bottem (if we go back down to 1,5$) or a inverse H&S (if we go to my final tp of 0,75$, that will be the head). That will be a excellent dream buy area.
TP1 = eliot wave trendline
TP2 = bear channel trendline
I dont think we will go to 0,75$ now. Btc/eth/sp is close to bottem allready. I see a bat pattern playing out.
Other option if im wrong, we retrace a bit to 2,5 -3$ area, go back up , break the trendline and go straight to the top of the channel, but its a low possibility.
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
Where I am personally looking to buy, very oversold.Watch bitcoin very closely. KDA is now in the dollar region which means demand is starting to get high. 1.5-1.4 dollar region to ATH zone is a nice grand total of over 15x your investment (ofc I would take profits before then). Again, watch bitcoin, wait for the flip. I am not a financial advisor and make sure you are using your own indicators and knowledge. This is just where I am looking to buy ONLY if Bitcoin looks ready to flip, otherwise 1 dollar is even better for my next DCA. Assuming BTC drops to 26-20k we will see KDA in the dollar area. Keep an eye out and don't risk it for the biscuit.
Btw, I am not an experienced trader (few months now) this is my first chart. I'm just sharing my simple buy zones for now with a clean simple chart. I have made decent profits. I always wait for BTC or a trend reversal before buying and set stop-losses. If your plan is to DCA and hold, this is not a bad time to buy (give it some time, though, we are currently bearish). Again, not a financial advisor and only my opinion.
Looking for possible buy on green line.
Finally reached TP3. Check my idea from februari and comments.
I was expecting 28k btc and 2,5$ kda after fomc
We made it to tp3. The wife changing money zone.
I expect sp500 to bottem at 3900$ , maybe wick to 3800 tomorrow, wich should put btc at 28k and kda at 2,5$.
If you believe in kda longterm, its time to start dca in.
2$ average price should give a nice entry for the next cycle. New blockchains often do well, as they are not known by the broad public , yet they offer good safety against rug pulls. Kda and One could do very well IF they can survive the cryptowinter.
KDA DCA TargetThis chart based off of The Elliot Wave Theory, Head/Shoulders, Fibonacci, MacD, RSI, Momentum, and resistance/support zones. KDA still has more downside to go. The height percentage of the head and shoulders is calling for a 80% retracement from the neckline. We have about 40% left to complete that retracement. Momentum and RSI are still calling for more downside as well. The next buy zone will around the $2 zone. If this area doesn’t hold, look to buy around the $1.60 zone.