Kadena (KDA)

On the above 5-day chart price action has corrected 96% since the sell signal (not shown). Now is a good opportunity to go long. Why?

1) A strong buy signal prints. (not shown).

2) Price action resistance breakout (USD and BTC pairs).

3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over an 80 day period.

4) Price action finds multiple weeks of support on the Fibonacci 0.236, since the start of the year.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <= 6%
Timeframe: Don’t know.
Return: 60x

Trade active

Dear Ps, this is a very active long position.

Note

Stochastic RSI up 20, Look left.

Trade active

Nothing has really changed from the published idea, look for a cycle top around $50-60

Note

See a print at or above 2.10? Then it off to $8 rather quickly.

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on:

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: