KAVA has is in a weekly uptrend and is pushing up toward its all time high. has been increasing with price action which is . On July 6th , 2020, the 10SMA crossed above the 21EMA, which resulted in a 345% price increase over a 42 day period!
We are also in the midst of a Golden Cross. June 26th, 2020 was the last Golden Cross KAVA had. It resulted in a 427% price increase over 52 days.
KAVA confirmed another Golden Cross on January 29th, 2021 and has seen a 98% price increase since then.
Daily stochastics will remain as long as price is closing above around $4.10. A pullback here with stochastics coming back down to the would suggest continuation and may present an opportunity. Sideways to down is looking likely.
Daily looks constructive, but is also suggesting that some sideways and down would be constructive before further upside continuation. coming back down to the and/or the exponential would be construed as .
These Fibonacci extensions can be nice places to take profit for the longer-term HODL positions.
Long-term price action looks and I suspect we’ll see continuation to the prior ATH , then beyond in the coming weeks to months.
I view pullbacks down to $3.00 as opportunities.
If, however, the bulls take come back in force and we see a daily close above the current local high at $4.00, then I would be looking for immediate continuation.
Support and Resistance Zones and Price Targets
Guide to My Charts
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
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This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.