Kava Heavy Bearmarket
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- This analysis is presented as a tutorial. Some of you may already be familiar with MACD, but for those who aren’t, I’m happy to guide you through it.
- Today, I’d like to share some insights on how to determine whether a token is still in a bear market or if it's on the verge of changing direction.
- As always everything is noted in the graphic, so lets go :
1 . First, focus on the orange line, which is the most crucial one, sitting around $1.20. Did you notice that in 2020, Kava bounced off this line? Back then, it served as strong support. Now, take note that Kava was rejected twice in 2023 and 2024 at this exact same price level, this support just turned as a strong resistance.
2. Take a look at the MACD indicator Lines. During Kava's bull market in 2020, the MACD was consistently moving in the positive zone (bullmarket green area). After Kava's crash, observe how Kava have been repeatedly rejected at this exact middle line and continued to evolve in a negative zone (bearmarket red area).
3. Finally, take a closer look at the "hammer Emoji" and the bearish trendline. You will observe that everything is interconnected. At times, Kava gets "hammered" at the $1.20 level along the middle line, while at other times, it encounters resistance on its bearish trendline. None of this is coincidental.
Conclusion :
- Kava remains is still in a heavy bear market. As a relatively young token, it's difficult to analyze long-term historical data. However, with time, extending the timeframe to 1 or 3 months can help reduce noise and potentially detect a bullish reversal.
- Kava's key level is $1.20. When it stays below this, it's better to step back, touch some grass, and wait for a breakout before considering any long positions.
- If you’re looking to trade profitably, always go with the flow. Don’t try to long something that’s trending downward or short something that's rising. It’s simply a matter of logic.
Happy Tr4Ding !
- Today, I’d like to share some insights on how to determine whether a token is still in a bear market or if it's on the verge of changing direction.
- As always everything is noted in the graphic, so lets go :
1 . First, focus on the orange line, which is the most crucial one, sitting around $1.20. Did you notice that in 2020, Kava bounced off this line? Back then, it served as strong support. Now, take note that Kava was rejected twice in 2023 and 2024 at this exact same price level, this support just turned as a strong resistance.
2. Take a look at the MACD indicator Lines. During Kava's bull market in 2020, the MACD was consistently moving in the positive zone (bullmarket green area). After Kava's crash, observe how Kava have been repeatedly rejected at this exact middle line and continued to evolve in a negative zone (bearmarket red area).
3. Finally, take a closer look at the "hammer Emoji" and the bearish trendline. You will observe that everything is interconnected. At times, Kava gets "hammered" at the $1.20 level along the middle line, while at other times, it encounters resistance on its bearish trendline. None of this is coincidental.
Conclusion :
- Kava remains is still in a heavy bear market. As a relatively young token, it's difficult to analyze long-term historical data. However, with time, extending the timeframe to 1 or 3 months can help reduce noise and potentially detect a bullish reversal.
- Kava's key level is $1.20. When it stays below this, it's better to step back, touch some grass, and wait for a breakout before considering any long positions.
- If you’re looking to trade profitably, always go with the flow. Don’t try to long something that’s trending downward or short something that's rising. It’s simply a matter of logic.
Happy Tr4Ding !
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