Kadena / TetherShort
Breakout confirmed, possible bat
Like expected the bear flag broke out to the downside, breaking the trendline suport. We had a retest and now its heading further down, perfect for dca.
There is a gap below 9$, so curious to see how kda will react to the previous low. We could bounce back from there, create a double bottem reversal pattern and a possible bat formation suggest we should seek up previous ath.
If the 9$ doesnt offer suport, we will visit the 6$
Timing wise, btc is looking to hit his trendline in 2 weeks, where i expect a bounce. This is the same timing i see for the kda bottem around sunday 16jan.
From there its just pure moon.
Not financial advise, this is pure for my own educational research and backtesting theories.
There is a gap below 9$, so curious to see how kda will react to the previous low. We could bounce back from there, create a double bottem reversal pattern and a possible bat formation suggest we should seek up previous ath.
If the 9$ doesnt offer suport, we will visit the 6$
Timing wise, btc is looking to hit his trendline in 2 weeks, where i expect a bounce. This is the same timing i see for the kda bottem around sunday 16jan.
From there its just pure moon.
Not financial advise, this is pure for my own educational research and backtesting theories.
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