$KDA: Morning Star on 3M chart

3 thg 12

Interesting candlestick development on the high time frame look at KDAUSDT. After initially breaking free of the downtrend from the highs, KDA printed an Evening Star pattern that essentially retested the lows around 40 to 50 cents. In the time since, it has potentially printed a Morning Star pattern off the retest of the lows. I say potentially because I'm not sure if you can technically use the 3rd candle of the evening star as the 1st candle for the morning star. Either way, valid pattern or not, the current 3M candle is engulfing and would seem to indicate a bullish reversal. KDAUSDT
https://www.tradingview.com/x/23s8Df1k/