KDA-USDT SELL Update 29/03/2024
G-Money's short version analysis based purely on technical analysis only, no nonsense "BS":
Stop Loss (SL): -1.626 USDT
Entry Point: -1.528 USDT
Take Profit (TP): 1.332 USDT
PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point.
( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;)
General extended version of analysis, just for a general education:
Let’s analyse the KDA/USDT crypto pair for a potential sell order. We’ll consider both technical and fundamental aspects.
Technical Analysis:
Price Chart Overview:
The KDA/USDT pair is currently trading at 1.457 USDT.
Over the past month, it has seen a 27.22% increase in price.
However, in the last week, it experienced a 11.38% decline.
Key Technical Points:
RSI Divergence: The RSI indicator shows divergence, which could signal a potential reversal or continuation pattern.
Price Action Resistance Breakout: The pair broke out of resistance levels in both USD and BTC pairs.
Ascending Channel: The price is stable above the 100-period moving average, indicating strong upward momentum.
Long -Term Target:
Based on an expanding wedge pattern, the minimum target for KDA/USDT is around $6.65.
Fundamental Analysis:
Kadena (KDA):
Kadena is a blockchain platform designed for scalability and security.
It aims to provide high throughput and low transaction costs.
Keep an eye on any upcoming news or developments related to Kadena, as they can significantly impact its price.
Trade Parameters:
Sell Order:
Entry Point: -1.528 USDT
Stop Loss (SL): -1.626 USDT
Take Profit (TP): 1.332 USDT
Remember that trading cryptocurrencies involves risks, and it’s essential to stay informed and manage your risk accordingly. Always perform your due diligence and consider your risk tolerance before executing any trades. Good luck!
Stop Loss (SL): -1.626 USDT
Entry Point: -1.528 USDT
Take Profit (TP): 1.332 USDT
PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point.
( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;)
General extended version of analysis, just for a general education:
Let’s analyse the KDA/USDT crypto pair for a potential sell order. We’ll consider both technical and fundamental aspects.
Technical Analysis:
Price Chart Overview:
The KDA/USDT pair is currently trading at 1.457 USDT.
Over the past month, it has seen a 27.22% increase in price.
However, in the last week, it experienced a 11.38% decline.
Key Technical Points:
RSI Divergence: The RSI indicator shows divergence, which could signal a potential reversal or continuation pattern.
Price Action Resistance Breakout: The pair broke out of resistance levels in both USD and BTC pairs.
Ascending Channel: The price is stable above the 100-period moving average, indicating strong upward momentum.
Long -Term Target:
Based on an expanding wedge pattern, the minimum target for KDA/USDT is around $6.65.
Fundamental Analysis:
Kadena (KDA):
Kadena is a blockchain platform designed for scalability and security.
It aims to provide high throughput and low transaction costs.
Keep an eye on any upcoming news or developments related to Kadena, as they can significantly impact its price.
Trade Parameters:
Sell Order:
Entry Point: -1.528 USDT
Stop Loss (SL): -1.626 USDT
Take Profit (TP): 1.332 USDT
Remember that trading cryptocurrencies involves risks, and it’s essential to stay informed and manage your risk accordingly. Always perform your due diligence and consider your risk tolerance before executing any trades. Good luck!
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