Alternate view on kdaLast time i posted the idea of a ABC correction wave tl 8$ , folowed by a 5 wave impuls to 28$ to form a Shark pattern.
This time, it seems kda is moving into a triangle and might be doing a zigzag move to the bottem.
Seeing where btc is going, still very bearish, the suport at 40k held, i expect a bounce back to 43-45k and than range for a couple of weeks, but eventually btc wil bottem to 38k, eth to 2600 before turning around, and i expect kda to do the same. I dont see btc turning bulish in Q1.
So kda math might bounce from here top of buy range 8$, to top of triangle resistance at 12$ and a last dive to 6$. Im buying end of this week at 8$ (pbb thursday), ride the 50%+ wave to 12$, sell there, and buy back in at 6$, and from there hold till 2023. 6$ is Insane buy price.
Tp1 40 Q2
Tp2 80 Q3 bnb listing
Tp3 240 Q4 parabolic cycle top
No trading advice. Just alternate view on kda.