Kadena (KDA) - My Investment Strategy - Weekly Chart

By Blue Face | Blue Face Crypto | 18 Dec 2022


Hey folks. I hope you are doing well. This is my Current plan on Kadena (KDA)

Kadena is one the riskier assets I plan to accumulate for the next Bull Run.  It is a Layer 1 (PoF)Blockchain, and I plan to Dollar Cost Average (DCA) at key supports to bring down my average entry price. I plan on investing a very small amount into the Project. 

1. I have my entry levels on chart. 

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2. Notice the Reward compared to the risk. 

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3. I like that the RSI is approaching oversold conditions.

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I think by late 2023 the bottom should in. But Markets can change at anytime, and depending on price action, I may revaluate my position. Nothing is set in stone. For no trader or investor can predict the markets, best that traders or investors can do is to determine the probabilities in which direction it will go.  

Not financial advice.

Please take Note: Price Action on Weekly Charts can take some time to play out. Anywhere from a week or two to a couple of months.

 

 

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Blue Face
Blue Face

Fan of Art, Life, and Crypto, even if it makes me blue in the face


Blue Face Crypto
Blue Face Crypto

Crypto Fan, even if it makes me blue in the face.

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