KAVAUSDT → A break of resistance will give a 60% increase

3 janv.

KAVAUSDT is overcoming trend resistance, which could give a potential rise of several tens of percent in the mid-term

Against the backdrop of rising BTCUSD , which is overcoming the key 4-week resistance KAVA and the altcoin market shows good potential.
The only nuance is that KAVA is lagging the market and continues to consolidate. An important nuance that will stimulate strong growth is a break of 1.140 resistance.
This level is the upper boundary of the 12-measures consolidation. After breaking this resistance, the market will have a potential target of 1.550 and 1.800. But before that we have another resistance - the upper boundary of the wedge. Consolidation of the price above 0.950 will form the potential to buy and hold the trade up to 1.140.

Support levels: 0.950, 0.870, 0.770
Resistance levels: 1.025, 1.140

I expect consolidation of the price above 0.954 and growth to 1.140. Further I will wait for the breakthrough of 1.140 and growth to the specified targets.

Regards R. Linda!