KAVAUSDT is testing important levels, potential +10% from here
Hello Traders:)
Currently, the level of the top line of the Market profile from Monday is being tested. Previously, after breaking this level, KAVAUSDT exploded over 30% up. Currently, after returning and positively testing this level, I assume a return to at least the upper limits of the market profile from the previous days, which will give us at least 10% increase in KAVAUSDT. Negation of the scenario after breaking through today's lower limit of the market profile.
I wish you great trades!
KAVAUST trade ideas
KAVA LONG OPPORTUNITY 20230519KAVA is trying to break the bottom structure, if it does, a 2.5 risk/reward opportunity may appear.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
KAVA Long Idea bases on Channel, fib and OBVCheck out Kava's chart! It's positively sizzling with excitement! Not only has it just touched the lower trend line of the channel, around the Fibonacci 0.786 level (ALTS seem To love Fib 0.786), but there's also a tantalizing OBV divergence taking place!
This is a prime opportunity for a potential buy signal, friends. Just be sure to set your take profit at the $1.50 area, and your stop loss below 55 cents to manage your risks.
So buckle up and hold on tight, because Kava is about to take you on a wild ride to the moon and back!
KAVAUSDT.P Liquidity Grab (Short) 5/22/2023Our previous analysis on the AOV entry hit its SL, this shows that it could potentially be going for a liquidity grab on the recent swing high. With proper risk management, we can continue to aim for the short potential of this chart, due to the clear imbalance below that is most likely to be filled in time.
Analyzing Short Opportunities in KAVAGreetings, Traders,
Today, I present an in-depth analysis of KAVA, a prominent asset within the decentralized finance (DeFi) platform. This platform offers loans to its users without intermediaries and has thus become a notable entity within the cryptocurrency market. Currently, KAVA's price stands at 1.089.
Technical Analysis
On closer inspection of KAVA's current state, numerous technical indicators suggest that it might be an appropriate time to consider short positions. Here is a detailed dissection of the relevant technical factors:
RSI & Stochastic Oscillators: The Relative Strength Index (RSI) currently stands at 69, nearing the traditional overbought threshold of 70. In parallel, the stochastic oscillator is high at 92. These are both significant signals of potentially overbought conditions, frequently leading to a market correction.
Bollinger Bands: The asset's current price is nearing the upper Bollinger Band, placed at 1.116. This closeness often signifies overvaluation and potential reversion to the mean, providing a price correction signal.
Volume Oscillator: The volume oscillator value is -4%, indicating a higher downward volume compared to the upward volume. This pattern can be perceived as a bearish sign in certain market conditions.
MACD: The Moving Average Convergence Divergence (MACD) value currently stands at 0.057. While it's not distinctly bearish, it necessitates close monitoring for a potential bearish crossover.
Fibonacci Levels: The Fibonacci retracement levels also merit attention. On the daily timeframe, the 0.5 level stands at 0.859 and the 1 level at 0.667. These levels could potentially act as support in the event of a price decline.
Key Resistance Levels
It's crucial to highlight KAVA's significant resistance levels. The asset has a local resistance level of 1.171 and a substantial resistance level of 1.347. These resistance points may act as a price ceiling and provide excellent opportunities for short positions. The convergence of the overbought indicators and these resistance levels present the potential for short positions with a favorable risk/reward ratio.
Conclusion
Considering these indicators, both the local resistance of 1.171 and the solid resistance of 1.347 seem to be probable regions for initiating short positions. However, it's important to note that trading requires meticulous planning and risk management. It is essential to conduct independent research and consider personal risk tolerance before entering any trades.
I will continue monitoring KAVA and provide updates on significant changes in its market behavior. Until then, let's maintain a diligent watch on this asset and observe how the market scenario unfolds.
Wishing you successful trading.
KAVA: Resistance BreakoutKava (KAVA) technical analysis:
Trade setup : Kava has traded completely against the market in recent week or two. This is bullish as it shows that there’s demand for the asset regardless of the overall bearish market sentiment. Price broke thru $1.00 resistance and 200 day moving average, which are signs of Uptrend. Upside potential to $1.15.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.76, then $0.50. The nearest Resistance Zone is $1.00, which it broke, then $1.15, and $1.40.
KAVAUSDT.P Liquidity Grab + Complete Gartley + FVG + OB (Short)- complete Gartley formed with 0.618 X-A measurement
- triple rejection in the buy-side liquidity
- bullish trend/volume is losing strength in the 5m TF
- take profit is set at 40% of the FVG
- a potential long position at the bullish OB below the FVG
KAVA: Resistance BreakoutKava (KAVA) technical analysis:
Trade setup : Kava has traded completely against the market in recent week or two. This is bullish as it shows that there’s demand for the asset regardless of the overall bearish market sentiment. Price broke thru $1.00 resistance and 200 day moving average, which are signs of Uptrend. However, it appears to be overbought with RSI ~ 70. We wait for price to retest this resistance breakout.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.76, then $0.50. The nearest Resistance Zone is $1.00, which it broke, then $1.15, and $1.40.
KAVA ANALYSIS (1D)Many questions are asked about the KAVA movement process.
The chart is not a single scenario and there are many scenarios for price movement.
I marked the least dangerous scenario on the photo.
If the price reaches the green zone, you can enter a long/long position
In the upper parts of the green box, you can enter the position if you receive confirmation to enter the position, and I have only specified the low-risk scenario.
