KAVA - Retrace in bear leg / Technical double bottom at 1.5 EUR

2020年10月7日

KAVA is in a really good place for small retrace as technically we reached double bottom at ~1.5 EUR. The target is around 1.7 EUR. The SL should be around 1.47 EUR. Overall this is a very good R2R place to open long with SL of course.

Why now?
1. KAVA went down with nearly 17% and that is another indicator that a retrace should happen anytime soon.
2. KAVA has problems with liquidity which means that if you put a limit order it can get filled/sold in 1 wick around 1.7
3. BTC seems on the trendline, so don't expect immediate drop from here

Summary:
Entry - 1.5
Target - 1.7
SL - 1.47

Good luck!

2020年10月8日

ノート

Trade is active and it is doing quite well. 1.6 EUR is the first resistance zone and if this is being taken out then 1.7 is near.

2020年10月9日

トレード終了: 利益確定目標に到達

Last evening the target was reached t 1.7+
For me personally the trade was with 14% profit.

Now as KAVA is looking good, I will be looking for another opportunity in short term.
I would like to see a good trendline to trade or some range that can be predicted with SL ofc :)