KAVA.USDT (Y20.P4.E2).Next stage.Macro structure TA

١٣ أكتوبر ٢٠٢٠

Hi All,

Ref (A.chart)
Keeping this short and to the point.

> Double bottom with a W formation; These tend to have a strong bounce;
> Can be viewed as a potential inverse H and S in the making, or a ascending triangle;
> What ever it is, it looks like a delayed bottom formation unlike ADA or LINK that went ahead of the game:
This could be in a similar position like Link;
> The important factor is the test and sign of strength at the bottom again;
> Prior this macro correction, KAVA gave over 300% return;
> It has been that long which means Kava could have already gone through it’s larger corrective cycle. Is this the ABC correction and now we seeing a bottom reversal structure?

MACRO Overview:


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Regards,
S.SAri

Another perspective;