KAVAUSDT → Bullish dynamics on the background of red bitcoin

2023年5月10日

KAVAUSDT shows bullish strength amid a falling market. The price does not follow bitcoin and continues to strengthen.

As almost the entire cryptocurrency market follows bitcoin and has been in the red zone for several days in a row, Kava / TetherUS breaks resistance and bursts forward.
At this point, the important task lies with the bulls. If the buyers manage to keep the price above the 0.800 range, the growth will continue in the medium term. The daily chart shows interest in the market.
The price breaks through the SMA-50 line and now seeks to test the SMA-200 resistance. If this area is broken, the price can form a bullish momentum.

Strong resistance: MA-200, 0.960, 1.140.
Strong support: MA-50, downward boundary of the range.
I expect if the price fixes above the previously broken line, the growth will continue. In this case I will wait for the price movement to 1.400, 2.000

Regards R. Linda!

2023年5月13日

註釋

Bitcoin is falling to 26000, but at the same time KAVA is showing strength and testing the 0.954 area.
Price shows good momentum after breaking resistance

2023年5月14日

註釋

Price breaks the global downward resistance

There is an attempt to break through the local level 0.953. In case of a successful attempt the price will head towards 1.140