KDAUSD- A bullish hopeBased on current RSI level and decreased volume, i am looking for abreak below the current fib wedge support.
This continued down trend finding support around $12 where the previouse trend line and current fib level intersects should adaquitly place the rsi in or near the over sood level.
Slippage below would be oppertunistic as the release of the first layer 2 protocol kaddex on the kadena network in the near future should provide a bullish pump from an over sold condition and putting price action into the flat bottomed broadening triangle. Typically a good price range for prices experiencing high volatility.
BITTREX:KDAUSD
KDAUSD trade ideas
KDA - big run! but that's it for nowTop of the Morning!
So KDA popped out and blast off to the moon in a matter of a few weeks!
But the parabolic move touched its ceiling for now and will retrace. This parabolic move looks like from the book, so my DCA levels are the next ones:
DCA 1 - $19,85
DCA 2 - $15,20
DCA 3 - $10,60
DCA 4 - $ 8,25
Unlikely to go lower than that, so I would focus on those 4 levels.
Cheers!
KDA Price AnalysisThe daily chart shows that Kadena has gone vertical in the last couple of days. As you can see, the KDA token flat-lined for most of the year and only started to catch a bid in October. As a result, the Relative Strength Index reads 86.71, indicating the rally is incredibly overdone.
Logically, an RSI of 86.71 suggests an imminent reversal. However, since when have cryptocurrencies been logical? On that basis, I cannot measure if the price will continue higher or collapse in the near term. Although in my experience, parabolic rallies normally end in spectacular (violent) fashion.
Therefore, investors should exercise caution at the current level. This does not mean the Kadena price won’t go higher but will be vulnerable to shocks lower, as we saw yesterday.
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kda to 68 bucks????????seeing future fiblines at 32 and 68 thatd be nuts. Would love to do a fundamentals talk about why it would go there (besides being a New World Order Coin).
This is amazingLook how well the IH&S played and how the rise match exactly the head height to the neck.
Kadena breaking weekly resistance, could doubleKadena has broken weekly resistance, if it turns that into support, it could by a buy opportunity. Waiting for confirmation...
Kadena KDA Scaled POW - 1st in the World!! 480K TPS(20chains)From 10 chains to 20 chains, Kadena is now able to achieve 480K Transactions per second on 20 chains.
This is their first successful mainnet fork, first ever in the world when nobody said Bitcoin could scale.
Kadena can keep scaling with no limits to 1000 and over chains..this means millions of TPS at least.
No blockchain has ever successfully scaled POW except for Kadena!
Kadena is built by JP Morgan elites.
They have worked with the SEC, JP Morgan, Financial Institutions in the past. the power of Kadena means that Huge enterprises will flock in because Kadena can now accept Enterprise usage. AWS and Azure is up for KDA already.
#DeFi partnership, U.S. Exchange listing(Q3-Q4), Rosetta Coinbase integration is ALL coming in September.. there is also an update coming from USCF investments.
Kadena is only 20mil + in market cap now. such a small cap with huge potentials will be rocketing in this bull market.
Many influencers are starting to notice this GEM.. Take note
Now for the price, i feel this gem can easily go above 300mil, even more than 1billion in Market cap.
this Gem is only less than 30 mil now as it has not yet hit Tier 1 Exchanges. Coinbase is already looking to list it.
