KAVA 1D Chart - breaking out of the current formation

9 Okt 2020

KAVA is doing great and it breaks the current formation at ~1.75 EUR. The coin is worth holding for a while to see what it could do but the minimum resistance I see is 2 EUR.
The pattern looks like big Falling wedge and after retrace I will look for trade opportunity. For just holders good to keep the coins and watch how it behaves.

Good luck with trading!
Don't forget to evaluate your risk and SLs (manual or automatic).

11 Okt 2020

Catatan

KAVA did a great run. I lock in some profits at 2.1+
Now the next logical step is to wait for a bit of retracement around 2 EUR.

16 Okt 2020

Catatan

I am still watching this market and with recent BTC move I don't really see a good trade momentum. So better wait for market to show its strength.

26 Okt 2020

Catatan

KAVA is on its main trendline but BTC is about to correct. Good R2R to catch a falling wick below trendline.

I know, I know..It looks ugly but ugly often is has good R2R!

30 Okt 2020

Catatan

KAVA approaches good point for entry long.

1.2 EUR confirmed and it is ready to bounce.

2 Nov 2020

Catatan

KAVA exit the channel visible on 4hr chart and is now approaching the first big test around ~1.5 EUR.

As I said earlier 1.2 EUR was confirmed as good entry zone and now the market made higher low, which will eventually lead to higher high.

I personally will exit 50% around 1.5 EUR and wait for retrace. Let's hope to see this price.
SLs should be placed below 1.21 EUR.

Good luck

3 Nov 2020

Trading ditutup: stop tercapai

My SL was hit. So we better wait for next opportunity.