KAVAUSDT → Readiness to move into the distribution phase

5 mar 2024

KAVAUSDT breaks the triangle resistance, which provokes the formation of a strong impulse. But now the price meets the flat resistance at 0.954.



On W1, the coin is starting to come to life, but is still very far away from the overall altcoin market. Trading volumes are growing when the resistance is broken, which indicates that the market is ready to realize the accumulated potential.
On D1 we are interested in the level of 0.954. A correction is possible, but we need to wait for a breakthrough and price consolidation above this area, which will be a confirmation of the market's readiness to go higher.

Support levels: 0.865, 0.694
Resistance levels: 0.954

I expect a final exit of the price from the global downtrend and subsequent growth to 1.28 and 1.55.

BTCUSD TOTAL TOTAL2

Regards R. Linda!

5 mar 2024

Nota

Consolidation above the key area :)
Waiting for growth!

8 mar 2024

Trade attivo

Breaking through the resistance