KDAUSDT ⇒ is bullish, buy and hold

hello guys...

What is the use of KDA?
KDA is a digital currency used to pay for computing on the Kadena public chain. Like ETH on Ethereum, KDA on Kadena is how miners are compensated for mining blocks on the network and is the transaction fee that users pay to have their transactions included in a block.

as you can see this coin is on the ascending channel and made a baseline channel, it wants to touch the blue area (as the decision point) and then start another upward movement until reaches the 1.61 fibo level and the top line of the channel.

but if the baseline breaks down you should enter the next bottom line too

• the short-term target: 1.65
  
• the mid-term target: 3.1
  
• the long-term target: 8.09
  

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always do your research.

If you have any questions, you can write them in the comments below, and I will answer them.

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Yorum:

the base channel broke down we'll wait until the bottom line of the channel touches.

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Yorum:

the trendline broke down but this position is still worth the risk!