Kadena Correction after extended impulsDear Fellows,
i see a overextended impuls 5-wave, based on the elliot principle. After every impulsive 5-wave a ABC-correction wave follows. The target in this scenario would be somewhere between 3,6 and 4,8. Load your bags because imo this project easy does a 10x from there (look at roadmap on Kadena, there is coming huge shit!)
Dont be scared from a 80% - 90% drop, thats normal for early crypto projects.
And always be conscious about, smart investors are mostly early adoptors and not leverage trader !
No financial advice. Please only trade with the amount you can afford to lose
KDAUSDT trade ideas
KADENA, IN THE HYPOTHETICAL DESCENDING CHANNEL !!!Unfortunately, due to the general market trend, the Kadena trend did not proceed according to our analysis, and we are witnessing a further decline in prices. Given the circumstances, the current view for Kadena is to reach the desired support area to prepare the conditions for entry as the first step.
It should be noted that this analysis is only a probabilistic idea and not a financial recommendation.
KADENA WILL ENTER PRICE DISCOVERY! UNDERVALUED PROJECTHello Traders!
Today we will consider the trading pair KDA/USDT
First-off, from a fundamental point of view, Kadena is a solid project with appealing Use Cases
Launching one of the world's first scalable ready for application,
Public braided blockchain,
Delivers Security & throughput, with a mission to unite public applications, private blockchains, and other interoperable blockchains in one place, driving traffic to the high-bandwith computer at the heartof the Kadena public blockchain.
Ohh, Forgot to mention it processes more transactions per second than solana. 480,000 transactions/second compared to Solana's 2,777 all thanks to it's braided chains.
Moving to the Technical Aspect of things, the chart above suggests Kadena is undervalued coupled with it's fundamentals.
Bullish Divergence formed complicated things, therefore we consider multiple scenarios if not all.
Currently in a large degre 5-way impulse move(orange), price action is yet to complete the 3rd wave.
3rd wave consisting of a smaller degree 5-way impulse move(blue) looks to be either in the 4th (correction) wave still, or on coure for it's 5th impulse wave to complete the larger-degree 3rd wave.
(Still holding it's ascending trendline, white pathway looks valid for the time being)
Highlighted are pathways price could follow, each following the rules of the wave count.
DCA zone/240(1) support is a good area to grab some irrespective of which scenario plays out.
Blue support zone down at the D4 support area(0.618 support) is the best place for large buys and to go long.
Green confluence zone is a take profit area with confluence irrespective of which scenario plays out,
Blue Resistance zone is Main target should wave 5 be much longer than wave 1.
Either way, Wave 3 looks to be the longest making this a Third Wave Extension.
KDA, Long at supports ! Possible around 600 % Profit !Are we prepared in advance to catch such a huge profit? Of course we are !
Here I suggested most probable and also most simple path of KDA as I see. It means it can show some more complicated forms like contracting triangles which are common for wave 4s. For now lets keep it simple. We can update our idea later if it ever needs an update !
If true , KDA will bounce back from strong support around 6-6.5 USD which formed by cluster of Fibonacci levels of different types. I guess when it reaches to the support BTC is also at support and whole cryptocurrency market move upward. Matter is to choose the best one to maximize the profit. Our price target for wave 5 is around 35 -42 which suggest around 500- 600 % profit buying at bottom and selling at the top although no one can catch the whole ascending wave !
Good luck my friends and wish you all huge profits.
Kadena - Second Level Incoming!In our last analysis, we identified 2 areas where Kadena can reverse from. Our first level failed to hold and so now we are looking at the -0.27 fibonacci level. For confirmation, we can wait for daily bullish candle and to go further, we can wait for the break of the descending trendline to confirm reversal.
The key level to look at is the 3-4 area where we're anticipating a reversal.
Goodluck!
💥KDA FALLING WEDGE - TO PUMP BY 400% TO ATH🚀Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
Before you criticize me, here is my reason.
As we can all see on this chart, kadena obeyed the falling wedge pattern formation. We have three solid support zones on the trendline and two strong zones serving as resistance on the trendline.
If the current downtrend get rejected at the trendline and the current candle close as a bullish pin bar, we have more chances to hit ATH if price break out of the falling wedge.
What do you think?
Share your opinion in the comment section✍️
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Happy Trading💰🥳🤗
KDA possible playAfter its rise from October to the end of Novembre we've seen a more than steady decline in the price of the Kadena.
As we're approaching the $6.5 level we're reaching a crucial level of support. If we fail to hold this then I only see further downside.
On the upside we could see an easy 2X if we hold the support.
Wait for confirmation and then this could be a nice point of entry.
Would you take this entry?
KDA/USDTPLEASE LEAVE FEEDBACK!!
As you can see from the chart.
KDA has a descending triangle pattern. Following from the lowest point when it started to climb
to the highest point we can see that the fib retracement shows the key levels of resistance at 0.5 and also 0.786,
the next point of support is at the white which I have drawn, the fib retracement shows that the next support level
if the chart was to follow through will be at 5.685 before retesting the pattern.
Double double bottemKda didnt pump to the top of the trendline, but turned around at 10$, to retest the 8$ bottem, where we are seeing suport. This is the 32134345th time the 8$ held as support.
We now have double bottem on the 4H
We have double bottem on the daily
We have a bullish divergence on the rsi
I think its fair to say, we are starting to see a momentum shift. Not saying it couldnt go lower, but looks like kda could slowly start to turn bullish again from here. We could see a wickoff acumulation in the 8 to 10$ zone, till the trendline is broken , to start the next bull move.
I filled 80% of my bags between 12$ and 8$.
Im keeping 20% just in case it dips to 6$.
KDA/USDT ( Kadena ) Bull Flag so I am Expecting $50 soon#Kadena/USDT Bull Flag:-
$KDA chart is looking Super bullish imo.
Trading price:- $12.60
This is Very big Bull flag so Target also very big.
Breakout Point= $12.50 ✅
Retest = $10-$11 Waiting
Targets:- $16.20/$24.50/$50
As per chart $KDA already broke the resistance of Bullish Flag.
And Now searching best Retest level before Fly up.
Support:- $10–$11
Resistance:- $16.20/$24.50
KDA Still Potential to hit $50 Club because now $9 Price#KDA/USDT TA Update:-
$KDA currently trading at Very strong support.
I am expecting Bounce from here.
We already buy some at $11 level.
I am buying some at $8-$9
Always buy Partially.
Now..?
If bounce from here then we can see First Stop will be $16 and 2nd Will be $24
Stop Loss:/ If any daily candle close below $7.80 then Exit time.
Already-72% down from recently ATH.