Hi dear patrons, hope you are well and welcome to the new update on Kava. io (KAVA) token
The channels and SMA resistance:
On a daily time frame, KAVA has formed a down channel and recently came out of the resistance of this channel and formed another up channel. There is a price level resistance at $4.55. Right now the price action is rejected by this resistance and there is also 100 SMA resistance as well.
Big triangle and hidden divergence:
On a weekly time frame, KAVA has broken out a big symmetrical triangle and now re-testing the previous resistance as support. If we take a look at the stochastic then there is also a hidden bullish divergence, as the priceline is forming higher lows and the RSI is setting lower lows. Therefore, there is a very high probability for a big bullish move, and obviously, Kava 9 mainnet Upgrade event will be also supported for this move. By the way, this event is expected on 19 Jan 2022.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
The channels and SMA resistance:
On a daily time frame, KAVA has formed a down channel and recently came out of the resistance of this channel and formed another up channel. There is a price level resistance at $4.55. Right now the price action is rejected by this resistance and there is also 100 SMA resistance as well.
Big triangle and hidden divergence:
On a weekly time frame, KAVA has broken out a big symmetrical triangle and now re-testing the previous resistance as support. If we take a look at the stochastic then there is also a hidden bullish divergence, as the priceline is forming higher lows and the RSI is setting lower lows. Therefore, there is a very high probability for a big bullish move, and obviously, Kava 9 mainnet Upgrade event will be also supported for this move. By the way, this event is expected on 19 Jan 2022.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Atif Akbar
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Atif Akbar
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.