KAVE on the move
Hello Dear Traders,
According to technical analysis, KAVA monthly RSI has been showing movement, with the monthly cycle completing to P9. Currently, the weekly Pivot is at 0.805 (0.8037 KAVA/USDT pep) and is above the Pivot.
If the candle opens above the orange dotted line with good volume,
the incoming target is expected to be towards the 1.833 area ✔️
The 4D TF cycle is up, with a target as 1.916 area.✔️
On Monday, October 17, 2022, there was a bullish OB targeting 2.111 ✔️ but the price flipped bearish. If we are going towards the 1.833 area, in my opinion, the price action would trigger this OB as well.
Meanwhile, in the short term, the 3-hour timeframe is showing an incoming target of 9680. 🤓
P.S I'm not certain about the patterns as shown, 🤑
Lets see how price action and time unfolds to determine the direction of the market.
Not a Financial Advice, Always DYOR ✔️
Trade well my Friends, stay SAFU (Secure Asset Fund for Users), and be patient while the market moves. Let that Sink in.
According to technical analysis, KAVA monthly RSI has been showing movement, with the monthly cycle completing to P9. Currently, the weekly Pivot is at 0.805 (0.8037 KAVA/USDT pep) and is above the Pivot.
If the candle opens above the orange dotted line with good volume,
the incoming target is expected to be towards the 1.833 area ✔️
The 4D TF cycle is up, with a target as 1.916 area.✔️
On Monday, October 17, 2022, there was a bullish OB targeting 2.111 ✔️ but the price flipped bearish. If we are going towards the 1.833 area, in my opinion, the price action would trigger this OB as well.
Meanwhile, in the short term, the 3-hour timeframe is showing an incoming target of 9680. 🤓
P.S I'm not certain about the patterns as shown, 🤑
Lets see how price action and time unfolds to determine the direction of the market.
Not a Financial Advice, Always DYOR ✔️
Trade well my Friends, stay SAFU (Secure Asset Fund for Users), and be patient while the market moves. Let that Sink in.
Note
KAVA is a cryptocurrency that powers the Kava network, a decentralized platform that allows users to earn interest on their digital assets, borrow funds, and trade cryptocurrencies.
Fundamental analysis of KAVA coin involves evaluating various factors that could potentially impact the value of the cryptocurrency. Here are some key factors to consider:
⭐️Market capitalization: The market capitalization of KAVA coin is a key metric to
evaluate, as it represents the total value of all the coins in circulation. It can
give an indication of the overall demand for the coin and its perceived value.
⭐️Team and development: The strength and experience of the team behind Kava,
as well as the ongoing development of the platform, can be important
indicators of the cryptocurrency's potential for long-term success.
⭐️Adoption and usage: The number of users and transactions on the Kava
network can provide insights into the level of adoption and usage of the
platform. Higher adoption and usage could lead to increased demand for KAVA
coins, potentially driving up their value.
Competitors: Kava operates in a highly competitive market, with many other cryptocurrencies offering similar services. It is important to evaluate the strengths and weaknesses of Kava relative to its competitors to understand its potential for success.
Regulatory environment: The regulatory environment surrounding cryptocurrencies can have a significant impact on their value. Changes in laws or regulations could limit or expand the use and adoption of Kava, potentially affecting its value.
Overall, fundamental analysis of KAVA coin involves evaluating the strength of the team and development of the platform, adoption and usage metrics, market capitalization, competition, and regulatory environment to assess the potential for long-term success and value.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.