KAVAUST trade ideas
KAVAUSDT Daily Chart Analysis I am sure you might of heard about the Mainnet launch set to take place in the coming days (12 October 2022 if not mistaken). With this said, there is a high probability we can expect bullish price action on KAVA in the coming days regardless of the bearish sentiment in the market in the coming days.
So i will be looking to buy KAVA by the $1.51 daily Bullish Orderblock. Targeting the Liquidity Void above current price. Should price reach $2, I will be taking full profit (if there is any partials left to take).
With this said, Happy Trading Pals
KAVAUSDT | RANGE IN PLAYKAVAUSDT is trading with in a range. The price took a beat from upper side of range and now approaching to lower side of range.
The bears are in control. The bulls can show some momentum at lower side of range. The break below will call for more bears .
Trade your levels accordingly.
KAVA Upside Opportunity - FundamentalKava has not been able to break up from its downward bearish trend on daily time frames as other coins have done recently, while it is sitting on multi-month support levels. Believe there is room for appreciation in the next month given important fundamental developments happening in the Kava blockchain, such as the launch of Kava foundation, the launch of the Binance Smart Chain bridge and more importantly the Kava 11 launch which has been postponed to October 15th at last.
I believe there is room for Kava token price to rise, market conditions allowing.
KAVAUSD (Daily) Bearish breakoutHi Traders
KAVAUSD (Daily Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 1.50 support level. Only the upward break of 1.80 would cancel the bearish scenario.
Trade details
Entry: 1.50
Stop loss: 1.80
Take profit 1: 1.32
Take profit 2: 1.12
Score: 6
Strategy: Bearish breakout