KAVA With Bullish Setup Formation
Feb 14, 2023


KAVA with bullish setup formation from technical point of view and from Elliott wave perspective.

KAVA with ticker KAVAUSD is making a nice a-b-c pullback within wave B/2 after an impulsive rally into wave A/1 from the lows. It’s currently already sitting at interesting 0.80 support area, from where we may see a continuation higher into wave C or 3, especially if we also consider nice and clean inverted Head&Shoulders pattern.

KAVA With Bullish Setup Formation 4h chart

Technically speaking, if the price rebounds back above 1.10 region and neckline of inverted H&S pattern, then we can easily expect more gains, as bullish trend would be confirmed. Invalidation level remains at 0.5150.

Happy trading!

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