Ryecatcher

Potential IH&S forming on Kava

KRAKEN:KAVAUSD   Kava / U. S. Dollar
Kava looks ready to make a run.

Inverse head and shoulder forming on the daily with a breakout target of around $7.

Only resistance is the $5.30 area.

I have been a big fan of kava in recent months.

Bitcoin has to stay on course, no sudden drops for this move to play out.

Comments

Quite hidden but good spot. Big hopes for this coin DEFI done right.
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Ryecatcher mdtayloresq
@mdtayloresq the coin is hidden but it needs more attention this way price goes up.
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Was just taking a look at kava chart. Will go back to find this, hopefully soon moon.
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I am fascinated by this. You absolutely nailed the prediction - even the resistence at $5.30! Nice work. I have been learning to read charts for about a year now but this feels next level. I can see the inverted head and shoulders pattern but only easily when you mark it out - even now it doesn't seem obvious on the charts to me. How do you spot these? Is it just a case of painstakingly looking at a number of charts to see if you can make out anything like this? Also, how did you calculate the target of around $7? Sorry for the questions but I follow you on Trading View and would love to undertstand more.
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I passionately wait for your next idea
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@scorpion1360 I'm glad I can help
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Break into the top 50 hopefully.
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Ryecatcher Ryecatcher
@Ryecatcher, the coin is hidden but it needs attention, more attention price goes up
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Hi thank you for your kind words, its honestly just a lot of learning and repetition. Also reading and many hours of analysing charts. it will become second nature when you do it long enough as with anything else. $7 target came from the fib levels and also the neck line of the IH&S.
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brumdanny Ryecatcher
@Ryecatcher, NP :) What fib level were you looking at for the $7 target? Keep up the good work. Keen to see your next analysis.
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