Dear Fellows,
i see a overextended impuls 5-wave, based on the elliot principle. After every impulsive 5-wave a ABC-correction wave follows. The target in this scenario would be somewhere between 3,6 and 4,8. Load your bags because imo this project easy does a 10x from there (look at roadmap on Kadena, there is coming huge shit!)
Dont be scared from a 80% - 90% drop, thats normal for early crypto projects.
And always be conscious about, smart investors are mostly early adoptors and not leverage trader !
No financial advice. Please only trade with the amount you can afford to lose
i see a overextended impuls 5-wave, based on the elliot principle. After every impulsive 5-wave a ABC-correction wave follows. The target in this scenario would be somewhere between 3,6 and 4,8. Load your bags because imo this project easy does a 10x from there (look at roadmap on Kadena, there is coming huge shit!)
Dont be scared from a 80% - 90% drop, thats normal for early crypto projects.
And always be conscious about, smart investors are mostly early adoptors and not leverage trader !
No financial advice. Please only trade with the amount you can afford to lose
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Kadena looks fkn strong ! Even after the btc drop to 38k level kadena didnt fall under the highvolume node around 7 usd. Loaded 60% of my position on 7 usd. will buy if drop more but i guess there is the bottom in
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1h bullish divergence in macd. i guess btc can go as low as 35k but kadena bottom is in. prepare for MASSIVE pump if kadena can hold this 7 usd area
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Trust your analysis, it happend like i said but didnt stick to my plan :P
Now its everything on to bitcoin (and the stock market due the correlation between both). If we see a rallye next week altcoins(like kda) could perform parabolic moves, but due to the panic in traditional and crypto markets it is not sure if it will happen.
Hold your bags ! My opinion is a big bounce in the next weeks and the next major correction for Kadena will happen at about 94 USD.
Will update a new idea if we see the next week reaction for financial markets.
Now its everything on to bitcoin (and the stock market due the correlation between both). If we see a rallye next week altcoins(like kda) could perform parabolic moves, but due to the panic in traditional and crypto markets it is not sure if it will happen.
Hold your bags ! My opinion is a big bounce in the next weeks and the next major correction for Kadena will happen at about 94 USD.
Will update a new idea if we see the next week reaction for financial markets.