Kava is still holding up well and I expect further upside from this coin in the coming weeks.
It has formed a new higher low and I am expecting it to form its first higher high in some time.
Btc is still a little volatile and needs to break out of its range before any continuation for alts.
A breakout and retest of the falling wedge is another sign of bullish...
Kava looks poised for a move up and looks like it is breaking out of a monthly falling wedge.
Kava is one of the best looking coins and has held up really well during the crash last month
Kava looks bottomed and has formed its first higher low looking like a trend reversal since its crash in in late may
The last few weeks have been extremely volatile.
A lot of cryptos have broken down and lost bullish market structure on the micro time frames.
When in doubt zoom out, kava still looks great on the macro time frames and has just formed its HL.
Bullish market structure is still intact on the macro HH and HL.
Bitcoin is still highly volatile and until $42500 area...
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.
Kava looks great, it has just closed the 4hr above a key resistance line at $2,57
We haven't seen a close above this line since September 2020.
It has been ranging through the asending channel since early January.
The next line of resistance isnatcthe $3.08.