KAVA With Bullish Setup Formation

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.

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!

Komentarz:

KAVA is nicely bouncing from projected support as expected last week! Is it ready for wave C/3? Watch 1.10 bullish confirmation level and neckline of inverted H&S pattern!