KAVA.BTC (Y20.P4.E1).Next stage.Macro structure TA

Hi All,

Keeping this short as there are many to reviewed:

Came across this which showed simplicity as well.
Although I posted in on the 8 hrly chart, refer to the daily for means of trading as the Daily chart gives a more accurate trading perspective >
Note we are on the bottom of the B.Band > extended hence I see it moving towards the mean of the BB and the daily RSI supports this with the wedge formation, all occurring at 2 main fib levels.

If you haven't entered already, try to look at the 1 hrly time frame to seek that right entry level using the Daily RSI as a guide for the boundaries;
If it breaks the RSI trend line, then its likely to go up.
I have it pulling back as per the daily RSI for completing point E of a wedge.




Regards,
S.SAri

Comment:

still downward pressure

Trade active:

bullish. chart update