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KDAUSDT trade ideas

KDA/USDT is testing the resistance confluence of 1.2680$ resist#KDA ( Kadena ) showing signs of a potential breakout in the daily timeframe. According to technical analysis, the price of KDA has been consolidating within a range for some time, and it has recently formed a bullish pattern, indicating that a breakout may be imminent. The breakout can be seen on the price chart, where the price of KDA has broken above a key resistance level. This breakout is further supported by the buying volume, which has increased significantly, indicating that there is significant interest from buyers in KDA at this level. The breakout on the price chart and the increase in buying volume suggest that KDA may be poised for further gains in the near term. However, it's worth noting that cryptocurrency markets can be volatile, and there is always a risk of price fluctuations. As with any investment, it's essential to do your research and understand the risks before making any trades. It may also be helpful to consult with a financial advisor or other qualified professional to get a better understanding of the potential risks and rewards of investing in cryptocurrencies like KDA. Its just my Opinion
by jepipi2204
KDA AnalysisKUCOIN:KDAUSDT KDA failed to rally through resistance (R1) over the weekend and has since retraced to the 38.2% Fib level around $1.15. With the fed announcement likely to stir volatility across the markets I'd wager we likely come down to the area where S1 aligns with the trendline and the 50% retracement level at around $1.10. This also would be the breakout level from the Adam & Eve bottoming pattern formed from the November and Jan lows. Should be a strong level to bounce from, and we'll likely see some attempt here depending on how things react to the fed rate announcement. Whatever the news, good or bad, I think this bounce probably gets faded. Knowing crypto it will need to break this trend line and consolidate closer to the 61.8% level around $1.03. We'll probably get several touches on $1.00 and maybe one or two wicks below. These will likely get bought up at around .95 cents, which is the 78.6% fib level. Should we rally from there, it would be hard to ignore the possibility that the "Adam & Eve" bottom could actually have been an incomplete Inverted H&S. If KDA can put the floor in at those levels I think it's highly likely.
Long
by JNor
kda fandamentalHow does the Kadena network work? In the Bitcoin network, each new block that is mined contains the hash of the previous block of the chain. In order to mine new blocks, network miners compete with each other to solve mathematical problems. This work is called proof of work, which is the first method to prove the authenticity of transactions and ensure the security of decentralized networks. In Cadena, in addition to connecting to the previous block of its chain, each new block is connected to 3 blocks of peer chains, and the Merkel tree also contains peer chains. With this, the power of the network to spread and spread data across the network increases. None of the cDNA chains are side chains Introducing the Kadena development team The Kadena project was started by Stuart Popejoy and Will Martino. Stuart Popeji has experience leading the blockchain group for JP Morgan and has 15 years of experience designing trading and exchange systems. Will Martino also worked as the head of the engineering team of JP Morgan before starting the Kadena project. He has also served as Chief Technology Officer of the Cryptocurrency Steering Committee and the SEC's Quality Analysis Unit. Dr. Stuart Haber is one of the people who invented the blockchain twenty years before the emergence of Bitcoin. He works as a cryptography consultant in this project The total supply of KDA coins is fixed at 1 billion units, which will be mined over 120 years. The circulating supply of Kadena digital currency is approximately 250,000,000 units. 70% of the KDA coin supply is allocated to miners, 20% to the platform, 7% to investors and others, and 3% to contributors.
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by d_jafarson
Bottoms UpKUCOIN:KDAUSDT has consolidated nicely on this trendline this past week. Sudden moves to the upside haven't seen much follow through yet, but the support has been solid. Interestingly enough, looking at the 4 hour chart you can see another Adam & Eve bottom along the trend line. This would appear to be a fractal of the much larger Adam & Eve bottom put in place at the end of the year. The consolidation and support level found around the $1.15 mark is the retest of the breakout from the large pattern. While the most recent 4 hour candle that wicked down from $1.25 to $1.18 could also be seen as the retest for the smaller fractal pattern. I'm well aware there's a stigma associated with pattern-based trading. Like pretty much everything in TA it should only be used in conjunction with other forms of analysis. However, these smaller echoes are worth watching. Should they prove to be valid in the end, they can be a very big tool in identifying price direction.
Long
by JNor