KAVA - KAVA/USD - 1H - Technical analysis published on 08/09/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 2.22 USD
My targets
2.34 USD (+3.41%)
2.50 USD (+10.75%)
My analysis
The bullish trend is currently very strong on KAVA - KAVA/USD. As long as the price remains above the support at 2.22 USD, you could try to benefit from the boom. The first bullish objective is located at 2.34 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.50 USD as an objective. Crossing it would then enable buyers to target 2.86 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KAVA - KAVA/USD price is 2.26 USD. The price has increased by +4.63% since the last closing and was between 2.15 USD and 2.30 USD. This implies that the price is at +5.12% from its lowest and at -1.74% from its highest.2.15
2.30
2.26
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of KAVA - KAVA/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.05 | 2.15 | 2.22 | 2.26 | 2.26 | 2.86 | 4.08 |
| Change (%) | -9.29% | -4.87% | -1.77% | 0% | - | +26.55% | +80.53% |
| Change | -0.21 | -0.11 | -0.04 | 0 | - | +0.60 | +1.82 |
| Level | Minor | Major | Minor | Major | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.99 | 2.06 | 2.11 | 2.18 | 2.23 | 2.30 | 2.35 |
| Camarilla | 2.13 | 2.14 | 2.15 | 2.16 | 2.17 | 2.18 | 2.19 |
| Woodie | 1.98 | 2.06 | 2.10 | 2.18 | 2.22 | 2.30 | 2.34 |
| Fibonacci | 2.06 | 2.11 | 2.13 | 2.18 | 2.23 | 2.25 | 2.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.52 | 1.68 | 1.93 | 2.09 | 2.34 | 2.50 | 2.75 |
| Camarilla | 2.06 | 2.10 | 2.13 | 2.17 | 2.21 | 2.25 | 2.28 |
| Woodie | 1.56 | 1.70 | 1.97 | 2.11 | 2.38 | 2.52 | 2.79 |
| Fibonacci | 1.68 | 1.84 | 1.94 | 2.09 | 2.25 | 2.35 | 2.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.03 | 1.27 | 1.58 | 1.82 | 2.13 | 2.37 | 2.68 |
| Camarilla | 1.75 | 1.80 | 1.85 | 1.90 | 1.95 | 2.00 | 2.05 |
| Woodie | 1.08 | 1.29 | 1.63 | 1.84 | 2.18 | 2.39 | 2.73 |
| Fibonacci | 1.27 | 1.48 | 1.61 | 1.82 | 2.03 | 2.16 | 2.37 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.09 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 5.12 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 2.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.28 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 2.17 | |
| Zig ZAG (10): | 2.23 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 58.42 | |
| TEMA (21): | 2.24 | |
| Williams %R (14): | -46.15 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 1.6500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 5.17 |
| MA7: | 2.15 | |
| MA20: | 1.96 | |
| MA50: | 1.86 | |
| MA100: | 2.20 | |
| MAexp7: | 2.23 | |
| MAexp20: | 2.21 | |
| MAexp50: | 2.19 | |
| MAexp100: | 2.17 | |
| Price / MA7: | +5.12% | |
| Price / MA20: | +15.31% | |
| Price / MA50: | +21.51% | |
| Price / MA100: | +2.73% | |
| Price / MAexp7: | +1.35% | |
| Price / MAexp20: | +2.26% | |
| Price / MAexp50: | +3.20% | |
| Price / MAexp100: | +4.15% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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