Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-05-20 09:31:24

KAVA Technical Analysis: Will A Bullish Flag Pattern Reverse Downtrend?

KAVA price action shows a bullish flag formation in the 4-hour chart, increasing the chances of a trend reversal if buyers manage a breakout. Key technical points: KAVA prices have increased by 8.04% in the last 24 hours. The VI lines give a crossover indicating a bullish trend reversal. The 24-hour trading volume of KAVA is $105 Million, reflecting a 176% rise. Past Performance of KAVA KAVA prices started to spiral down uncontrollably after retesting the $3 breakout resulting in a fatal fall of 55% to $1.35. Being a high-demand zone, the support level skyrocketed the market value by 81% to reach $2.75. However, the resurgence of sellers forms a consolidation zone with a double bottom pattern at $2.25. Source-Tradingview KAVA Technical Analysis KAVA Price action struggles to surpass the 50 EMA as it provides dynamic resistance to keep the bullish growth in check. Hence, the EMA breakout will increase the resistance trendline breakout chances. Falling in a bearish alignment, the crucial EMAs reflect a solid downtrend in action, with the 50 EMA being a critical bearish spot. The RSI slope manages to ascend above the halfway line only to form a sideways trend, with the 14-day SMA mimicking the same. This represents a bullish upper hand in trend control and adds points to the bullish breakout ideology. The Vortex indicator shows a bullish crossover indicating a trend reversal. However, the lack of bullish spread between VI lines i...

#
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约