KAVA With Bullish Setup Formation

14 thg 2, 2023

KAVAUSD is making a nice a-b-c pullback within wave B/2 after an impulsive rally into wave A/1 from the lows. It's currently already sitting at interesting 0.80 support area, from where we may see a continuation higher into wave C or 3, especially if we also consider nice and clean inverted Head&Shoulders pattern.

Technically speaking, if the price rebounds back above 1.10 region and neckline of inverted H&S pattern, then we can easily expect more gains, as bullish trend would be confirmed. Invalidation level remains at 0.5150.

Happy trading!

20 thg 2, 2023

Ghi chú

KAVA is nicely bouncing from projected support as expected last week! Is it ready for wave C/3? Watch 1.10 bullish confirmation level and neckline of inverted H&S pattern!