KAVA - KAVA/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	KAVAUSD
ISIN:

KAVA - KAVA/USD - Daily - Technical analysis published on 08/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 0.850000 USD

My targets

0.648889 USD (-14.62%)

My analysis

KAVA - KAVA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.850000 USD. The next support located at 0.648889 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The KAVA - KAVA/USD rating is 0.760000 USD. The price has increased by +4.11% since the last closing and was traded between 0.720000 USD and 0.760000 USD over the period. The price is currently at +5.56% from its lowest and 0% from its highest.

0.720000

0.760000

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this KAVA - KAVA/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	R1	Price	R2	R3
ProTrendLines	0.648889	0.760000	0.760000	0.850000	0.950000
Change (%)	-14.62%	0%	-	+11.84%	+25.00%
Change	-0.111111	0	-	+0.090000	+0.190000
Level	Intermediate	Intermediate	-	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	0.616667	0.663333	0.696667	0.743333	0.776667	0.823333	0.856667
Camarilla	0.708000	0.715333	0.722667	0.730000	0.737333	0.744667	0.752000
Woodie	0.610000	0.660000	0.690000	0.740000	0.770000	0.820000	0.850000
Fibonacci	0.663333	0.693893	0.712773	0.743333	0.773893	0.792773	0.823333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.776667	0.793333	0.816667	0.833333	0.856667	0.873333	0.896667
Camarilla	0.829000	0.832667	0.836333	0.840000	0.843667	0.847333	0.851000
Woodie	0.780000	0.795000	0.820000	0.835000	0.860000	0.875000	0.900000
Fibonacci	0.793333	0.808613	0.818053	0.833333	0.848613	0.858053	0.873333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.540000	0.690000	0.780000	0.930000	1.020000	1.170000	1.260000
Camarilla	0.804000	0.826000	0.848000	0.870000	0.892000	0.914000	0.936000
Woodie	0.510000	0.675000	0.750000	0.915000	0.990000	1.155000	1.230000
Fibonacci	0.690000	0.781680	0.838320	0.930000	1.021680	1.078320	1.170000

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):	28.98
MACD (12,26,9):	-0.0321
Directional Movement:	-19.812960
AROON (14):	-92.857143
DEMA (21):	0.786190
Parabolic SAR (0,02-0,02-0,2):	0.830000
Elder Ray (13):	-0.068560
Super Trend (3,10):	0.847350
Zig ZAG (10):	0.750000
VORTEX (21):	0.7581
Stochastique (14,3,5):	21.78
TEMA (21):	0.772116
Williams %R (14):	-71.43
Chande Momentum Oscillator (20):	-0.080000
Repulse (5,40,3):	-4.5575
ROCnROLL:	2
TRIX (15,9):	-0.4134
Courbe Coppock:	15.78

MA7:	0.800000
MA20:	0.832500
MA50:	0.889400
MA100:	0.926900
MAexp7:	0.786877
MAexp20:	0.825923
MAexp50:	0.867836
MAexp100:	0.888438
Price / MA7:	-5.00%
Price / MA20:	-8.71%
Price / MA50:	-14.55%
Price / MA100:	-18.01%
Price / MAexp7:	-3.42%
Price / MAexp20:	-7.98%
Price / MAexp50:	-12.43%
Price / MAexp100:	-14.46%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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