$KAVA$ - Bullish [Extended Analysis]

KAVA has shown a Bullish Flag formation on the 4-hour timeframe. If it breaks out, I am expecting a further 30-35% move up. However, I’d wait until the current price level to retrace back to the golden ratio, a.k.a. the 61.8% Fibonacci Retracement level, before entering this trade.

Meanwhile, the daily timeframe points to an eventual retest of the trendline which is where I project the price to stall and retrace.

The Super-Short-Term Play: 7-10 Days
3.34-to-1 PL Ratio.
Entry: 0.9866; Target: 1.2933; SL: 0.8947.

Hourly Resistance Zones

1. 1.063 - 1.074
2. 1.078 - 1.087
3. 1.098 - 1.118

Hourly Support Zones

1. 1.051 - 1.046
2. 1.042 - 1.035
3. 1.033 - 1.029

TA Methodologies:

1. Demand&Supply Theories [Price Momentum]
2. Fibonacci Retracements & Extensions [SR Zones]
3. Trendlines [Breakout]
4. RSI [Movement Strengths]

Please do your own research and risk no more than what you can afford.

Personally, I never risk more than 5% of funds on each trade and I am a perpetual futures trader.
My analysis is based on 14 years of experience trading the markets and is subject to my opinion. You've been warned. #DYOR