stell_s1

KAVA 1D Chart - breaking out of the current formation

stell_s1 업데이트됨   
KRAKEN:KAVAEUR   Kava / Euro
KAVA is doing great and it breaks the current formation at ~1.75 EUR. The coin is worth holding for a while to see what it could do but the minimum resistance I see is 2 EUR.
The pattern looks like big Falling wedge and after retrace I will look for trade opportunity. For just holders good to keep the coins and watch how it behaves.

Good luck with trading!
Don't forget to evaluate your risk and SLs (manual or automatic).
코멘트:
KAVA did a great run. I lock in some profits at 2.1+
Now the next logical step is to wait for a bit of retracement around 2 EUR.
코멘트:
I am still watching this market and with recent BTC move I don't really see a good trade momentum. So better wait for market to show its strength.
코멘트:
KAVA is on its main trendline but BTC is about to correct. Good R2R to catch a falling wick below trendline.

I know, I know..It looks ugly but ugly often is has good R2R!



코멘트:
KAVA approaches good point for entry long.

1.2 EUR confirmed and it is ready to bounce.
코멘트:
KAVA exit the channel visible on 4hr chart and is now approaching the first big test around ~1.5 EUR.

As I said earlier 1.2 EUR was confirmed as good entry zone and now the market made higher low, which will eventually lead to higher high.

I personally will exit 50% around 1.5 EUR and wait for retrace. Let's hope to see this price.
SLs should be placed below 1.21 EUR.

Good luck

거래청산: 스탑 닿음:
My SL was hit. So we better wait for next opportunity.
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