KAVAUSDT4H trend chart
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KAVA is consolidating as a triangle since 8/21
This triangle is formed with a downtrend line and support zone.
If price can break out the downtrend line, trading strategy as below.
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Profit Targets:
a) 6.852----Green horizontal ray
b) 9.218----Fib(1)
c) 11.028~11.760----Fib(1.272~1.382)
Stop losses:
a) 4.9658-----Red horizontal ray
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🌔Signal channel: t.me/tradingdiary_cat
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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.