KAVA Bouncing at Support
Kava is bouncing at the $2 USD , near the 61.8% Level, is just starting to give a buy signal, is ticking higher. The previous decline from the $5.82 USD level was with decreasing , and this seems like a good place to go long.
In Terms, we had a 5-wave move to the upside, followed by a 3 wave decline to a level a little beyond the 61.8% level, which is typical.
The Earn campaign for Kava is currently live, https://coinmarketcap.com/earn/project/k…
So, the trade is to go long here at $2.60 USD with stop at $2.12 USD and a price target of $4.33 USD, which should give us a risk-reward ratio of 3.6 to 1, which is pretty good.
Not a recommendation, just what I’m doing.
Good Luck to You