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R.Linda Trading - forecast

KAVAUSDT → Readiness to move into the distribution phase

2024-03-05 08:42 CRYPTO forecast

💡 Ideas For KAVAUSDT 💰

📈 KAVAUSDT → Readiness to move into the distribution phase

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KAVA breaks the triangle resistance, which provokes the formation of a strong impulse. But now the price meets the flat resistance at 0.954

On W1, the coin is starting to come to life, but is still very far away from the overall altcoin market. Trading volumes are growing when the resistance is broken, which indicates that the market is ready to realize the accumulated potential.

On D1 we are interested in the level of 0.954. A correction is possible, but we need to wait for a breakthrough and price consolidation above this area, which will be a confirmation of the market's readiness to go higher.

Support levels: 0.865, 0.694

Resistance levels: 0.954

I expect a final exit of the price from the global downtrend and subsequent growth to 1.28 and 1.55.

R. Linda

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