KAVA analysis for 4th March
After the yesterday breakout of KAVA, we're experiencing a small correction. The current price sits at the level of bottom trendline, and slowly starts heading up.
If you've not bought KAVA before, it looks like a great place to jump into the trend.
Resistance levels are placed in ~$5.22 and $5.59, which are 18.50% and 26% from current price.
After breaking the $5.59 level, we'll head up to the new ATH, which is very likely. KAVA is a very solid project and we have a big event planned for today, 14:00 UTC - KAVA 5 Mainnet Upgrade. After this, price should move up in the next days.
The other scenario is the break through the bottom trend line, retesting the trendline at the ~$4 and then going up.
If you've not bought KAVA before, it looks like a great place to jump into the trend.
Resistance levels are placed in ~$5.22 and $5.59, which are 18.50% and 26% from current price.
After breaking the $5.59 level, we'll head up to the new ATH, which is very likely. KAVA is a very solid project and we have a big event planned for today, 14:00 UTC - KAVA 5 Mainnet Upgrade. After this, price should move up in the next days.
The other scenario is the break through the bottom trend line, retesting the trendline at the ~$4 and then going up.
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