$KAIA #KLAY #KAIA Coin Chart Analysis
It’s been a while since I last analyzed the KAIA coin chart.
Since the
#rebranding , I couldn’t find it on TradingView, so I had to wait. After locating it, I did a quick chart analysis.
The correction in KAIA coin has been quite varied. It looked as if it would rise, only to fall back each time to previous levels. This appeared intentional.
If we assume the lower ABC correction is complete, the impulse wave was quite large, followed by an equally substantial correction.
Currently, we’re seeing another 5-3-5 corrective wave with an expanded triangle formation. This may indicate the presence of buying pressure (this has been the case in similar situations).
Over time, this could lead to an explosive
#upward move.
Just my personal thoughts...
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