RLinda ! KAVAUSDT-> Hidden Confidence. Chance for a breakdown

9 mar 2023

While the cryptocurrency market is falling, KAVAUSDT looks quite confident and even has a chance to break through the resistance zone

Rare moments, when in times of the main decrease such coins stand out, which go against the market - obviously, we can assume about a separate interest from strong investors. Someone is interested, has accumulated the necessary liquidity within the consolidation and now they need to snatch the jackpot.
At the resistance of the descending wedge a pre-breakdown consolidation is formed and the moment of the resistance breakout. If the price consolidates above the line, there is a high probability of reaching the resistance at 1.140, which is, presumably, the base of the pattern H&S.

I expect a breakout of the resistance and formation of a bullish counter-trend impulse. I pursue the following targets: 1.140, 1.405, 1.600

Regards R. Linda!