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KAVAETH

KAVA/BTC (Test Key Level Support)💎Technical Analysis Summary💎 BINANCE: KAVABTC -KAVA is on a strong downtrend coming from the high 45k sat -It is now approaching its key level of support around 6400 sat -We have seen a lot of altcoins breaking below its key levels -So the risk buying at these levels are high -Waiting for a proper sign of strength or reversal pattern is a must -Trading discipline and the patient is a key factor for long term success too A big Thanks for donating 💰 via Tradingview coins this week to SattarKHAN 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
4
KAVA/BTC (Will Key Support Hold?)💎Technical Analysis Summary💎 BINANCE: KAVABTC -KAVA is back at a key level of support after toping out from the 23000s sat area -This is not a good sign in terms of bullish price action -If this level of support becomes weaker, it will likely to breakdown soon In-Bearish scenario, the next key support is somewhere around 12000 sat area -Always prepare for both scenario of the market A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
2
KAVA/BTC (Sign of Selling Weakness?)BINANCE: KAVABTC -KAVA has confirmed a double bottom of the support -After confirming the previous support area at 20k sat -We can also see the price is respecting the trendline resistance -Until this trendline is valid, the price may still go lower -But since it has failed to make another Lower Low -The selling pressure started to fade and the Bulls may enter soon -Entering at support retest is aggressive but the reward is huge -But I always recommend buying the breakout confirmation -With stop loss below the green support line `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
18
KAVA/BTC (Retest Major Support @ 18k sat?)BINANCE: KAVABTC -This coin is on waterfall after the break of support at 33k sat -Its value has declined by -53% from the swing High -If we are looking for a potential strong buy area -The level of 18k sat is a high probability of potential swing point entry -It was a confluence of previous key resistance and turned support last July trading -Let's see if a bullish sign will happen if the price get this zone **If you like my daily Published Ideas, Please don't forget to leave a thumbs up and comment below. Thank you!**
by PolarHusk
4
KAVAUSDT ❌ Bullish Continuation OR Bearish Correction (Multi TF)💬 Between the cryptocurrency exchange Kraken adding KAVA, the ongoing DeFi boom, and the recent series of higher highs on higher timeframes leading up to this point, KAVA's chart is looking bullish. Our goal here is to look for a pullback before price moves up again. With that in mind, let's take a look at some levels. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: S1 is a great support level to look at if all we get is a small pullback before moving up. You can see how price reacted to the S/R level (blue line) right under S1. We might see a shallow pullback similar to that at S1, with price then breaking past the recent highs before selling back on that top range to test it as support (as illustrated by the upper abc and note). S2: If S1 doesn't hold, we could perhaps see a bearish correction rather than quick consolidation before a run. This path would be confirmed with for example by a rejection off of S1 after a test of the S2 orderblock cluster. The S2 level held on the way up, so we do expect a reaction here regardless. Resistance: The previous range highs are the first and only point of resistance for KAVA bulls. Any additional resistance would have to be created by falling price action (for example if we get that bearish correction noted in the support section). Multi Time frame: : The multi-timeframe S/R and orderblock cluster and main price pivot point, as visualized on the 4-hour and brought onto the 30-minute chart, is a logical support given the amount of activity seen here. If we do get that bearish correction, this is the level that must hold for KAVA to remain bullish. Anything below this level is a very bad look for the bulls, the progress made after conquering such a substantial range such as the one highlighted on the 4h-hour would all be given back. ----- Summary: KAVA is hot right now, could be some time before it gets hotter given its new listing and the DeFi craze. No matter how hot something gets though, price is always going to pull back eventually. The goal here is to buy that pullback with the assumption that the bulls aren't going to give up too much ground. With that in mind, caution is in order if you see that bearish correction plays out. What makes sense here is being focused on new highs above S1 and using caution otherwise. Resources: www.coindesk.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
12