KAVA/BTC Ready to Rally? (+79% Potential Profits)
Hello Fellow Traders,
Today we are looking at KAVA/BTC on Binance. As we can see, this coin peaked on its last bullish wave at around 47000 satoshi. Since then, there has been a strong correction back down to the 200 EMA.
Prices are now trading above the 10, 21, and 200 EMAs now. There has been bullish volume coming in the last few days, and the MACD and RSI are both rising, all bullish signals. Finally, we can see a local bottom double forming (blue boxes), so this range is acting as an immediate support. From here, prices need to break out above the 50 and 100 EMAs (orange and magenta), at which point we can see some massive growth.
A potential short-to-mid term trade setup now could be:
Entry: 20000-22500
Support: 16500-19000
Take Profits:
1 - 27650 (+26%)
2 - 30450 (+38%)
3 - 34050 (+55%)
4 - 39000 (+79%)
Leave a like and share your own thoughts and comments down below if you liked the post. Also, follow me for more ideas! Check out some of my others down below.
Price at writing: 21828 satoshi.
Today we are looking at KAVA/BTC on Binance. As we can see, this coin peaked on its last bullish wave at around 47000 satoshi. Since then, there has been a strong correction back down to the 200 EMA.
Prices are now trading above the 10, 21, and 200 EMAs now. There has been bullish volume coming in the last few days, and the MACD and RSI are both rising, all bullish signals. Finally, we can see a local bottom double forming (blue boxes), so this range is acting as an immediate support. From here, prices need to break out above the 50 and 100 EMAs (orange and magenta), at which point we can see some massive growth.
A potential short-to-mid term trade setup now could be:
Entry: 20000-22500
Support: 16500-19000
Take Profits:
1 - 27650 (+26%)
2 - 30450 (+38%)
3 - 34050 (+55%)
4 - 39000 (+79%)
Leave a like and share your own thoughts and comments down below if you liked the post. Also, follow me for more ideas! Check out some of my others down below.
Price at writing: 21828 satoshi.
