KAVABTC (Kava) just hit the same support level (1,2) that was hit in Oct. '19 and led to a 140%+ wave... Similar results can happen now.
Now that this support level has been activated, KAVABTC bounced and moved back above EMA10 after printing a higher low, indicating that prices and start to move up from here.
On this chart, I marked the potential path and targets of the next bullish move... The dash magenta lines are where strong resistance will be met, this is where we sell for/to collect profits...
Great analysis! Thank you for it. Let's see which path does it choose in the coming weeks.
Can you revisit ETCBTC or USD pairs as well when you got time? It's bottomed, testing the same area twice in USDT pairs. And a comment as to why Kraken USD price's are overmarked than the rest of the market would be appreciated :)
Can you revisit ETCBTC or USD pairs as well when you got time? It's bottomed, testing the same area twice in USDT pairs. And a comment as to why Kraken USD price's are overmarked than the rest of the market would be appreciated :)