Hi dear friends, hope you are well and welcome to the new update on Kava. io (KAVA) token
The channels and SMA resistance:
On a daily time frame, KAVA has formed a down channel and recently came out of the resistance of this channel and formed another up channel . There is a price level resistance at $4.55. Right now the price action is rejected by this resistance and there is also 100 SMA resistance as well.
Big triangle and hidden divergence:
On a weekly time frame, KAVA has broken out a big symmetrical triangle and now re-testing the previous resistance as support. If we take a look at the stochastic then there is also a hidden bullish divergence , as the priceline is forming higher lows and the RSI is setting lower lows. Therefore, there is a very high probability for a big bullish move, and obviously, Kava 9 mainnet Upgrade event will be also supported for this move. By the way, this event is expected on 19 Jan 2022.
Don't forget to upvote/tip and share the post, thanks
You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
▶️ 3Speak