One of the tops of the past bull market is
#KAVA 👀Price has been trading in a very long accumulation for the last year, within which we can see a significant amount of manipulation on both sides of the range.🕯
At the moment we failed to hold the strong volume level of
#POC and entered the zone of buyer's interest, where we show minor strength on the buyer's side.
📉In the short term, the main scenario I highlight is the continuation of the decline with the renewal of the historical low of $0.514, from which I expect to see a very strong buyback and reversal of the global trend.
📌Medium-term after ATL update I expect a strong uptrend formation with consolidation above POC(0.8126$) and a test of the seller's zone of interest.
📈Globally, I will pick up long position starting from current price values to 0.514$ with a target in removing the global swing high of 2.3514$, which is more than 360% of the net market movement.
#CryptoWatchMay2024 #buythedip #BTC