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 $6.5 level we're reaching a crucial level of support. If we fail to hold this then I only see further downside.
On the upside we could see an easy 2X if we hold the support.
Wait for confirmation and then this could be a nice point of entry.
Would you take this entry?
KDAUSDT trade ideas
KDA/USDTPLEASE LEAVE FEEDBACK!!
As you can see from the chart.
KDA has a descending triangle pattern. Following from the lowest point when it started to climb
to the highest point we can see that the fib retracement shows the key levels of resistance at 0.5 and also 0.786,
the next point of support is at the white which I have drawn, the fib retracement shows that the next support level
if the chart was to follow through will be at 5.685 before retesting the pattern.
Double double bottemKda didnt pump to the top of the trendline, but turned around at 10$, 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.
KDA/USDT 15m timeframeaccording to an Elliot wave;
- KDA could have a leg up to the first target area (orange arrow) which is between the 0.5 & 0.618 fib levels of the Elliot wave A length
- or KDA could retrace to the black line which is the 1.618 fib level of the wave A and then bounce up
- also there is a bullish TK cross
- 2nd target area is the top of the ichimoku cloud which would be valid if there was multiple candle closes in the cloud
KDA/USDT 15m timeframe- double bottom
- could range for a few hours then break out towards the top of the ichimoku cloud
- there is a bearish TK cross & a large gap between the conversion line and base line, but these 2 bearish indications could be invalid and cancel out due to the drop that has already happened.
- i believe KDA should recover in the next few hours
The next target for Kadena is 15.5 USDIn order for the trend to reach the 4th point, it needs to reach the resistance of 15.5. Considering that KDA is at the top of the altcoins with a bright future, t his target is not difficult to reach.
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