ew-forecast

KAVA With Bullish Setup Formation

Panjang
ew-forecast Telah dikemas kini   
BINANCE:KAVAUSD   Kava
KAVAUSD is making a nice a-b-c pullback within wave B/2 after an impulsive rally into wave A/1 from the lows. It's currently already sitting at interesting 0.80 support area, from where we may see a continuation higher into wave C or 3, especially if we also consider nice and clean inverted Head&Shoulders pattern.

Technically speaking, if the price rebounds back above 1.10 region and neckline of inverted H&S pattern, then we can easily expect more gains, as bullish trend would be confirmed. Invalidation level remains at 0.5150.

Happy trading!


Komen:
KAVA is nicely bouncing from projected support as expected last week! Is it ready for wave C/3? Watch 1.10 bullish confirmation level and neckline of inverted H&S pattern!

Elliott Wave Service
👉 www.wavetraders.com
👉 Newsletter Sign up: bit.ly/3FVPVzO

Idea Berkaitan

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.