KDA update

Hi all,

Back again with my favorit crypto to TA.

Like expected the last BIG 5th eliot wave down E got us to the TP3 of 1,5$. I was bussy and missed the buy opportunity. Gratz on the x2 for those wo took it.

Wave E is clearly finished. We see the 5 innerwave 12345 down to 1,5$ and big volume increase, witch often signals the bottem. Stupid i missed this easy 2x.

We retraced back to the resistance trend line, but rsi got oversold and we got rejected. I dont think we will brake it now, macro still not enough change.

On the daily rsi we went from 15 to 40, so any drop in rsi even to 35 will give a big down move.


My idea: i think we need a bottem confirmation pattern. Either a double bottem (if we go back down to 1,5$) or a inverse H&S (if we go to my final tp of 0,75$, that will be the head). That will be a excellent dream buy area.

TP1 = eliot wave trendline
TP2 = bear channel trendline

I dont think we will go to 0,75$ now. Btc/eth/sp is close to bottem allready. I see a bat pattern playing out.

Other option if im wrong, we retrace a bit to 2,5 -3$ area, go back up , break the trendline and go straight to the top of the channel, but its a low possibility.