Kadena (KDAUSDT) is having one of the strongest rebounds from the top 100 cap coins. Besides the fundamentals involved, a key technical reason is the fact that it entered the long-term Buy Zone and almost hit the bottom (Higher Lows trend-line) of the Fibonacci Channel pattern that formed since its first trading days.
However this rebound may be short-lived as...
Kadena has been inside a huge falling wedge from its Alltime high. Asper Technicals, Falling wedge is a bearish reversal pattern.
Currently, We can see a falling wedge in the lower timeframe too. Breakout can lead to the Scenarios that i have marked using the Arrows.
Also if we break out of the major falling wedge, I expect a deadcat bounce. Also, It is always...
KDAUSD has been on fire recently and that bullish short-term trend broke above the 1D MA50 (blue trend-line) today. The last time it did so on December 27 2021, it was a fake break-out but on a long-term scale, it resembles more the bullish break-outs of August 08 2021 and January 25 2021. The CCI sequences between the three phases are very similar.
The CCI...
