Kaia: Short-Term

1 Nov

Until the 31st October KAIAUSDT is clearly bullish. The entire chart taken together is bullish based on an ascending channel. Yesterday late at night, a session produced a long upper wick and then we have some bearish action.

We can see some lower highs (see blue line within the channel) and then a clear bearish signal coupled with high bearish volume.

This is a tricky chart and it is mixed, also young; not enough data to make any strong predictions. Since we are looking at it super short-term, 1H timeframe, it seems that bullish momentum is waning and KAIAUSDT is aiming at lower prices.

Namaste.