KAVAUSDT.P trade ideas
Kava KAVAUSDT - Breaking out! + Huge channel + New BULL market!- Kava is moving within this huge parallel channel.
- The price is currently breaking out of the blue trendline, which is a great sign for all bulls!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- The trendline is very valid (with 4 touches).
- Bullish divergence on the RSI indicator
- If you take a look at Volume, you can see a record all time high
- We had a double bottom pattern right at the bottom of the channel.
- Kava is ready for a massive pump to the upside!
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Kava has been consolidating for way too long!As you can see from the KAVA BTC chart on my previous idea, Kava didn't have a strong pump in 2021, but has formed a very strong base in BTC terms. The USD chart also looks a bit like a long term consolidation, so it could definitely be one that starts moving. At least it is one that is refusing to drop vs BTC while everything else is actually at their lows, when Kava is near its local top and keeps testing the same resistance.
It also does look a bit like TOMOBTC which has started moving and I had also mentioned before. Of course TOMO moved first and it is normal as it has been consolidating for much longer, but now it looks like it is KAVA's turn.
Kava also has some decent fundamentals and is platform that has a lot going for it. DeFi isn't the hottest thing right now for sure, but as Binance IEO Kava has an advantage vs other platforms as people can trust it more and can always get Binance's back.
KAVAUSDT Uptrend Confirmed!KAVAUSDT Technical analaysis Update
KAVAUSDT currently trading at $5.25
Trend Line Breakout.
KAVA is looking more bullish compare to other altcoins, it's already gone up 160%+ from the bottom.
in the above chart, you can see KAVA broke its resistance line. we can confirm that breakout based on volume increased continuously and daily candle closed above the resistance line.
Before the price goes up we can expect a small retracement
Buy level : $4.50- $5.10
Stop loss: $3.20
TP1: $7.00
TP2: $8.00
TP3: $10.00
TP4: $15.00
Note: please do your own research before investing. Never invest money that you can't afford to lose. Every investment involves risk of losing the entire invested money.
KAVA// Symmetrical Triangle BreakDaily trend break, structure break, bullish impulse move.
Approaching resistance, so we can expect some type of pullback retesting broken structure.
Reasons not to enter yet:
1. havent cleared the last lower high.
2. no clear support near current level.
3. missed most of the move already.
4. Possible BTC pull back and KAVA can possibly be affect.
When to enter:
1.After the pull back and reversal signs on the 4H (Price stays above 20EMA + Reversal Candles)
KAVAUSDT is inside a descending channel 🦐KAVAUSDT is inside a descending channel and the price is testing the weekly resistance. IF the price will have a breakout from it and turn the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
KAVAUSDTKAVA (Network security & Transaction Management Duties) is in the ascending triangle which is 20MA located above 50MA that applies movement for chasing 100MA to break out of the triangle.
MACD indicated good signal as a harmonic turn to up as did it in before cycles.
there is just a main resistance on its road at 5.0$ area if can break it it will set on to touch 7.5$
KAVA Medium Term AnalysisIn the weekly period, the burgundy line represents both the rising trend and the trigger curve and it seems to work. My goal is to settle at $14.5 levels in October. The project is a DeFi platform that offers debt and stablecoins for crypto assets. It has mainnet on August 12.