KAVA at critical point!

٢٧ مارس ٢٠٢١

KAVAUSD

- At the end of the A-B-C corrective wave
- Crosses with 50 EMA
- Price gets out corrective parallel lines
- Close to $5.6 level which has been critical support or resistance point already 5 times
- StochRSI is already over 97. Difficult to say however it is already high and difficult to stay bullish

I think once it crosses the $5.6 price point then highly possible that the trend will be upward.
Still, it is difficult to make an accurate prediction as there are also bear factors.