KAVA/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 8.9250, 0.8930, 0.8940.
Key Support Levels: 7.3990, 6.7170, 67100.
The price on the higher time frame posted an engulfing bullish pattern near a strong support around the 7.3990 USDT mark and reversed to the upside. The market now is traded around the 8.0185 USDT level and is about to move upward again after the correction.
KAVA/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price is traded inside a Wyckoff distribution phase where we expect a breakout to the upside after the buyers takes full control of the market and this will lead to a huge move all the way up toward the previous all time high.
Buy Stop Order @ 8.1890
TP 1 @ 9.0580
TP 2 @ 9.2200
Stop Loss @ 7.9000
Trade Safely 🙂